Message from theChairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
Suwen Electric Energy Technology Co., Ltd.
Electrifying the world with joy, connecting the world through electric power
2023Environmental, Social, andGovernance (ESG) Report
Message from theChairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
CONTENTS
Message from the Chairman1About Suwen Electric Energy2Our Performance in 20235ESG Management8
Key Performance Indicator Table61GRl Content Index62About This Report63Feedback Form64
Sharing Superior ElectricEnergy
Striving for More RobustDevelopment Together
Towards a Brighter FutureEmpowering Green and Intelligent Transformation11Strengthening the Foundation and Forging the
Soul through Party Building
31Fostering Employee Growth43Deepening Technological Innovation19
Strengthening Corporate Governance33
Advancing Environmental Management54Adhering to Quality First23
Strictly Adhering to Business Ethics37
Contributing to Society59Delivering Professional Customer Service26
Industrial Synergy for Win-Win Outcomes38
Message from theChairman
About SuwenElectric Energy
Our Performance
in 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
AppendixMessage from theChairman
The year 2023 marked the beginning of the all-around implementationof the guiding principles of the 20
thCPC National Congress and stoodas a crucial halfway point for the implementation of the "14
thFive-yearPlan." TheReport to the 20
th CPC National Congresscalled for theneed to "Accelerate the transition to a model of green development."Over the past year, Suwen Electric Energy, a clean energy and powerservice provider, has put into practice the concept of ecologicalprogress in depth, while actively responding to the country's "dual-carbon" strategy. By virtue of our professional technical services,we have been committed to assisting enterprises across sectors toachieve decarbonization and green and sustainable development. Atthe same time, we, as an opportunity catcher in the new era, havecontinued to pioneer in technological innovation, talent innovation,corporate governance, etc., and endeavored to explore the optimalpathway of high-quality development. These efforts have contributedto the advancement of the industry and the sustainable developmentof the society.Over the past year, we have shared superior electric energy. With a
development mindset of "enhancing competitiveness and efficiencythrough technology" and a corporate vision of "Becoming a trusted
world-class one-stop electric energy service provider," we have beenworking to establish a sound innovation system, increase investment inscientific and technological research and development, and promotecooperation between industry, academia, and research institutes. Whilecontinuously increasing investment in R&D and application of digitalenergy technology, virtual power plant, and other fields, we have alsobeen improving the efficiency and intelligence of energy managementand innovating the mode of electricity service, in order to deliver "safe,reliable, cost-effective and efficient" electricity service. Last year,the Company was recognized as a "High and New Tech Enterprise,"qualified as a Class A company for power transmission engineeringdesign, and awarded the "First Prize of Qianjiang Energy Science andTechnology Award" for the project "Research on Flexible and InteractiveTechnology of Comprehensive Energy System Based on Spatio-temporal IOT," in which the Company served as a participant andproduced substantial innovations. As a quality-first and customer-firstcompany, we have actively penetrated the intelligent manufacturingsector, incorporated quality management into all stages of planning,research, design, construction, production, sales, and acceptanceand evaluation, and proactively fitted into the energy scenarios of ourcustomers' sectors. These efforts help us tap into the needs of ourcustomers and deliver superior products and services to our customers.Over the past year, we have striven for more robust development.We have insisted on promoting the mutual integration and concurrentprogress of Party building and business operations and development,thoroughly implemented the requirements of the thematic educationcampaign, and spearheaded the high-quality development ofthe Company through the "Red, Yellow and Green" tricolor Partybuilding approach, which is a unique presence of the Company. Wehave actively optimized our corporate governance structure, setup a mutually integrated, synergistic, and efficient internal control,risk control, and compliance management system, and valued theprotection of investors' rights and interests. These efforts help improvethe standardization and effectiveness of our corporate governance. Wehave followed the philosophy of operating in good faith, strengthenedthe establishment of a clean-fingered culture, and enhanced theawareness of business ethics among all our employees and theawareness of operating in a compliant manner among our partners.These help minimize corruption at the very beginning. As an advocatorof the sustainable development model of win-win cooperation and
a doer with a mindset for open cooperation and mutual benefit, wehave worked together to build a stable, orderly, and healthy upstreamand downstream partnership through resource sharing and highsynergy, while joining hands with our partners to boost the high-qualitydevelopment of the industry.Over the past year, we have journeyed towards a brighter future. Wehave adopted a people-oriented employment policy and prioritizedtalent development as a core part of the Company's sustainabilitystrategy to create a diversified and inclusive workplace. Moreover,our efforts include developing and consummating a science-basedand reasonable talent management model and a hierarchical andcategorical training and enhancement system, putting in place asound and scientific talent promotion structure, and improving ouroccupational health and safety management system. More importantly,our actions to care for the physical and mental health of our employeesand give full play to their potential and creativity help enable a win-win situation for both the Company and its employees. With a mindsetto prioritize ecological conservation throughout the entire process ofour business operations, we have actively practiced green office, raisedour employees' awareness of environmental protection, and proactivelyengaged in community-based social services. Our ultimate goal isto benefit people's livelihoods and give back to society through thefruits of our development, and to ensure the natural balance amongeconomic benefits, social benefits, and environmental benefits.Our innovation never ceases, and our efforts are unending. In 2024,Suwen Electric Energy, a professional, dedicated, determined, anduser-centric company, will push forward the implementation of itseight-year strategy of "gather 10,000 professionals, operate across 100cities, and serve 100,000 users," while further promoting the in-depthalignment between ESG and the Company's strategies for productionand operation. With an eye on open sharing and win-win cooperation,Suwen Electric Energy will play its part in the new journey of building amodernized socialist country in all respects.
Message from the
Chairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
Chairman and General Manager of Suwen Electric Energy
Message from theChairman
About SuwenElectric Energy
Our Performance
in 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
?Engineering (E)Production (P)Construction (C)?Operation (O)?Services (S)
e-learning
About Suwen Electric Energy
Company ProfileSuwen Electric Energy Technology Co., Ltd (stock code: 300982) islocated in the new energy hub of Changzhou, Jiangsu Province, witha registered capital of RMB 206,965,146, and debuted on ChiNextin April 2021. Based in Changzhou and Shanghai, Suwen boasts aself-dependent R&D center, an intelligent manufacturing center,a marketing center, and an intelligent O&M control center. Sinceits inception 17 years ago, the Company has incubated one cloudplatform, continued to fine-tune its expertise in E (engineering), P(production), C (construction), O (operation) and S (services), andengaged in six sectors like substations, PV/wind power, energystorage, charging piles, digital energy, and power grids. TheCompany's products and services can be found in seven major userscenarios like plants/enterprises, industrial parks, public utilities,business/office centers, residential complexes, conglomerates, andsmart grids. Driven by the dual engines of the tertiary sector and thesmart manufacturing sector, Suwen Electric Energy is committed tocontinuously building the one-stop electric energy service providerbrand of EEPX.Suwen Electric Energy has satisfied tens of thousands of industrialand mining enterprises, commercial complexes, and high-securitypower users (data centers, railway stations, hospitals, metro stations,etc.). The Company has obtained qualification in technical consultingfor the whole process of electric power engineering construction;qualification of design for new energy power generation, powertransmission engineering, power transformation engineeringand building intelligence; qualification in engineering survey andinvestigation; qualification in general contracting for electric powerengineering, construction engineering, electromechanical engineeringand public utility engineering; qualification of specialized contractingfor electronic and intelligence engineering and fire control facilityengineering; and qualification of electric power engineeringsupervision; as well as license for undertaking installation (repair
and test) of electric power facilities and license for work safety. TheCompany has also been certified by China Electricity Council (CEC)with ISO 9001 quality management system certification, ISO 14001environmental management system certification and ISO 45001occupational health and safety management system certification. TheCompany is proud to be a state-level "Contract-keeping and Credit-first" enterprise, and is also the Jiangsu Enterprise Technology Center,the Jiangsu Engineering Technology Research Center, the very firstpilot enterprise for the deep integration of advanced manufacturingindustry and modern service industry in Jiangsu Province, JiangsuSRDI SME, and Jiangsu Leading Enterprise in Productive ServiceIndustry. The Company's intelligent substation regulatory data centersystem is featured in the Chinese Ministry of Industry and InformationTechnology (MIIT)'s sourcing list of electric power products.Thanks to the continuous development within the Company, Suwen
Electric Energy currently engages more than 900 employees,with over 90% of them holding junior college diplomas or above.A well-established talent training and talent pool system plays apivotal role in enabling Suwen Electric Power to serve customersefficiently. Suwen Electric Energy is also the designated internshipbase of dozens of colleges and universities across the country, thedemonstration organization hosting academia-enterprise cooperation.Handy traffic, a comfortable office environment, and a well-roundedliving environment make Suwen Electric Energy an ideal platform fordream-pursuing individuals.We at Suwen Electric Energy are always grateful to users, and we areborn to deliver stable electric energy to users!
Chairman
About SuwenElectric Energy
Our Performance
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Towards a BrighterFutureESG Managemen
Appendix
Suwen’s MissionProvide one-stop solutions forelectric energy through EPCOS;Achieve a fulfilling and warm lifethrough hard work;Deliver safer and worry-freeelectricity through services;Enhance industry collaboration andefficiency through innovation.
Gather a hundred thousand users,electrifying the world with joy;Serve a million enterprises, connectingthe world through electric power;Become a trusted world-class one-stopelectric energy service provider.
Gather 10,000 professionals, operateacross 100 cities, and serve 100,000users.
Corporate Vision
Eight-year Strategy
(2019-2027)
Corporate Culture
Seven Pillars forEntrepreneurship asthe Magic of Suwen
User-centric
mindsetPillar 1
Tenacity andpartnership
Pillar7
Trust andcommunicationPillar 6
Craftsmanshipand innovationPillar 5
Learn for lifePillar 4
Stay thirstyPillar 3
Act towards goalPillar 2
Message from theChairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Let’s go to a betterfuture togetherESG Managemen
报告后篇
Message from theChairman
About SuwenElectric Energy
Our Performance
in 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
Engineering &ConstructionQualifications
General contracting class II for electric energy engineering construction,specialized contracting class II for building electromechanical installationengineering, specialized contracting class III for building construction,general contracting class III for urban utility engineering construction,general contracting class III for electromechanical engineeringconstruction, specialized contracting class III for power transmission andtransformation engineering, specialized contracting class III for fire controlfacility engineering, specialized contracting class II for electronic andintellectualization engineering, class II license for installation of electricpower facilities, class II license for maintenance of electric power facilities,class II license for testing of electric power facilities.
Class A qualification for engineering design of electric energy industry (powertransmission engineering), Class B qualification for engineering design ofelectric energy industry (substation engineering, new energy generation),Class B qualification for special design of intelligent building system, Class Aqualification for engineering consulting of electric energy industry (includingthermal power, hydropower, nuclear power, and new energy).Consulting& DesignQualifications
Management and service provider certification level 1 for industrial powerdemand, CMMI-3 certification.
IntelligentElectricityServiceQualifications
AssociationRoleWujin Construction Industry AssociationMemberJiangsu Enterprise Credit Management AssociationMemberChina Electric Power Planning & Engineering AssociationMemberJiangsu Exploration and Design AssociationMemberChangzhou Exploration and Design AssociationPresident OrganizationJiangsu Province Electric Power Engineering AssociationMemberChangzhou Youth Chamber of CommercVice ChairmanJiangsu Provincial Association of Engineering ConsultantsMemberJiangsu Chamber of Commerce in ShanghaiVice ChairmanEnterprise Informationization Association of JiangsuMemberChina Youth Entrepreneurs AssociationMemberChamber of Commerce for Changzhou West Taihu Lake
Science and Technology Industrial Zon
Vice ChairmanChamber of Commerce for Youth Innovation and EntrepreneurshipChairman
Enterprise Information Association of ChangzhouMemberChangzhou Industrial Internet Industry AssociationMemberJiangsu Energy Storage AssociationVice President OrganizationHigh Voltage Switch Committee of China Electrical Equipment I
ndustry Association
MemberShanghai Software Industry AssociationMemberJiangsu Association for Public CompaniesMemberChina Association for Public CompaniesMember
QualificationsAssociations
In recent years, the Company has seen the rapid growth of its business performance, the continuousextension of its industrial chains, and the sustained improvement of its qualification status. Theenrichment and visibility of its qualifications have contributed to the rapid development of theCompany's operations. Following years of hard work for development, the Company has acquiredan extensive range of professional qualifications in the fields of electric energy engineering design,construction, and intelligent electricity services. Below is a list of the major qualifications acquired bythe Company as of the end of 2023.
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Appendix
Our Performance in 2023
RMB
4,869.95millionof total assets
RMB
98.02
millionof annual R&D investment
employees in total
RMB
18.92
millionof total investment inenvironmental protection
RMB
79.60
million
of net profit
90.28
%
pass rate for product QA
RMB1,174,000
invested in employee training
3,462.3MWhof surplus power on-gridcapacityRMB
78.08
millionof total tax payments
%
customer satisfaction
%
employee satisfaction
tons of CO
equivalent /RMB10,000 revenue of greenhouse gasemission intensity
0.036
RMB
2,694.36millionin operating revenue
patents authorized in total
14.74
%
of female leaders in thesenior executive team
13,111.5MWhof total PV power generationcapacity
1,045
suppliers in total
RMB
3,760,000
invested in work safetyRMB
60,015,100
of cash dividends(includingtaxes)
0.085
tons/ RMB 10,000revenueof water intensity
Message from theChairman
About SuwenElectric Energy
Our Performance
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Appendix
Qianjiang Energy Science and Technology
AwardZhejiang Provincial Energy Association
Jiangsu SRDI SME
Industry and Information Technology Department of
Jiangsu
High and New Tech Enterprise
Jiangsu Provincial Tax Service, State Taxation
AdministrationJiangsu Provincial Department of Science and TechnologyDepartment of Finance of Jiangsu Province
Outstanding Hi-tech Enterprise of the Year 2023
?CPC Work Committee of Changzhou West Taihu Lake Science and Technology Industrial ZoneAdministrative Committee of Changzhou West Taihu Lake Science and Technology
Industrial Zone
Jiangsu Private Hi-tech Enterprise
Jiangsu Association of Private Technology Enterprise
Second Prize of CES Science and Technology
Progress AwardChina Electrotechnical Society (CES)
Jiangsu Integrity Organization for Engineering Exploration and Design IndustryJiangsu Advanced Organization for Exploration and Design Quality Management
Jiangsu Exploration and Design Association
Jiangsu Resource Pool Organizationfor Digitalized Green CollaborativeTransformation and Development ServicesCyberspace Administration of Jiangsu ProvinceIndustry and Information Technology Department
of Jiangsu
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Appendix
Jiangsu Excellent Enterprise withHarmonious Labor RelationsJiangsu Provincial Tripartite Committee for
Coordination of Labor Relations
Jiangsu Contract-keeping and Credit-first
EnterpriseJiangsu Enterprise Credit Management Association
Board of Directors Value Creation Award
Directors & BoardsChina Association for Public Companies
Outstanding Practice Case Award for Public
Company's Board of Directors
Jiangsu Benchmark Model Enterprise forIntegrated Development of Two IndustriesJiangsu Leading Enterprise in High-qualityDevelopment of Modern Service IndustryJiangsu Development and Reform Commission
Five-star Prestigious Enterprise of the Year 2023 Major Project Input Award 2023
Digital Economy Demonstration Enterprise of the Year 2023Advanced Collective for Implementing 532 Development Strategy and Promoting High-quality Development
?CPC Changzhou Municipal Committee People's Government of Changzhou City
Taxpayer of the Year Award 2023
(Silver Medalist)CPC Changzhou Wujin District Committee
People's Government of Wujin District
Enterprise of the Year 2023 by Per Mu BenefitTaxpayer of the Year 2023 Top Ten Service Providers of the Year 2023?CPC Work Committee of Changzhou West Taihu Lake Science and Technology Industrial ZoneAdministrative Committee of Changzhou West Taihu Lake Science and Technology Industrial Zone
Jiangsu Model Manufacturer in Fulfilling
Social ResponsibilityJiangsu Province Corporate Social Responsibility
Coordinating Steering Group
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AppendixSubstantive Issue Matrix of Suwen Electric Energy
Importance to Suwen Electric Energy's Sustainable Development
Importance to External Stakeholders
Governance dimensionEnvironmental dimensionSocial dimension
ESG Management
Material Issues Assessment
To more precisely and comprehensively understand stakeholderexpectations and demands, Suwen Electric Energy adheres strictlyto a material issue analysis process to increase the ESG Report'srelevance and materiality. This approach is grounded in regulatorydisclosure guidelines and draws upon sustainable development topicsrelevant to the capital market, rating agencies, international reportingstandards bodies, and industry peers. In line with the pathway of"issue identification - issue screening - issue review - issue reporting"and in consideration of the two dimensions of "importance to SuwenElectric Energy's sustainable development" and "importance toexternal stakeholders", the Company screened the key issues ofhigher materiality through assessment and highlighted them fordisclosure in the report. Besides, continued improvements weremade to the ESG management in order to better satisfy stakeholders'expectations and aspirations.
Core issuesVery important issueImportant issues191623
1118
Enhanced quality managementProtection of employees' rightsand interestsCustomer privacy and informationsecurityResponsible marketingOperational complianceEmployee caring and developmentAnti-corruption and anti-fraudProtection of intellectual propertyrights
Improvement of technologicalR&D capabilitiesOccupational health andsafetyRisk controlSupply chain managementEnhancement of governanceIntelligent electricity serviceEmphasis on cooperation andcommunication
Enhancement of informatizationand digitalizationContribution to regionaldevelopmentInvestor Rights ProtectionResponse to climate changeImplementation of wastemanagementSound environmental managementsystemGreen office
VolunteerismEcological conservation
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ESG Managemen
Appendix
Stakeholders
Government & Regulatory
Authorities
Shareholders &
InvestorsConsumers
Suppliers & BusinessPartnersEmployeesEnvironmentCommunities & the Public
Expectations &Demands
Regulatory complianceTax compliancePollution control andtreatment
Shareholders' rightsand interestsCorporategovernance
Consumers' rightsand interestsProduct quality
Win-win cooperationResponsible sourcingWin-win development
Basic rights andbenefitsTraining anddevelopmentHealth and safetyEmployee caring
Scientific and efficientuse of resourcesReduction of the impacton the environmentPromotion of greendevelopment capacityof the industry
Philanthropy and charityRural revitalization
Responsive
Actions
Compliant operationsInformation disclosurePolicy learning
Improving businessperformanceGeneral meetings ofshareholders
Consumersatisfaction surveyEnhancing qualityand service
Participating in tradenetworkingResponsible supplychainCommunication
Improvingremuneration andbenefitsSupporting employeegrowth anddevelopmentCreating a favorableworking environmentManaging health andsafety
Innovating greentechnologiesAdvancing cleanproductionPromoting greenoperationsCreating a green supplychain
Conducting philanthropicActivitiesPromoting local economy
Stakeholder CommunicationThe Company always stays in a positive and open attitude to maintain effective communication with our stakeholders, while attentively listening to and actively responding to the aspirations and demands of eachstakeholder on us.
Shareholders &Investors
ConsumersEmployeesEnvironmentCommunities & the PublicSuppliers & BusinessPartnersGovernment & RegulatoryAuthorities
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Appendix
Sharing Superior Electric Energy
Customer satisfaction:
%R&D investment: RMB
98.02
million
Incidents of information security breachesand data leaks:
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Appendix
Empowering Green and IntelligentTransformationSuwen Electric Energy proactively aligns with the national "dual carbon" strategy, committing to the vision ofbeing a "world-class, trustworthy, one-stop electric energy service provider." Utilizing its in-house developedintelligent energy management systems and energy storage products, the Company is committed todelivering green, smart, reliable, and efficient comprehensive energy solutions. This initiative drivesinnovation and high-quality growth within the new energy industry.
Accelerating Energy Digitalization
As a pioneering enterprise in the new energy field, Suwen Electric Energy revolutionizes electricalservice models with its "visible, controllable, and manageable" comprehensive energy managementand service platform. This advancement boosts the digital and intelligent capabilities of energymanagement, propels the digital transformation of the power system, and underpins the digitalinfrastructure of China.Comprehensive Energy Management and Service Platform: EEPXThe EEPX cloud platform stands as the Company's premier EPCOS (Engineering, Production, Construction,Operation, and Services) all-encompassing smart energy service platform. By merging cloud computing,big data, the Internet of Things, and mobile internet technologies, it ensures a seamless integration ofelectric energy's "generation, transmission, distribution, and usage" data. Through pioneering digitalenergy service scenarios—including virtual power plants, demand response, electricity trading, energymanagement, carbon-energy operations, source-load interaction, and microgrids—it delivers holistic smartenergy services. These services span "generation, grid, load, and storage," and incorporate multiple energycomplementarities, facilitating the development of an innovative power system.In 2023, Suwen Electric Energy further refined its energy service offerings, adhering to the principles of"productizing services and standardizing products," thus providing clients with more uniform, modularenergy solutions. The Company systematically enhanced its central platform system through successiveupgrades, leading to the creation of a standardized and modular library for both software and hardwareproducts. By adopting these standardized and modular design principles, it has significantly acceleratedits product development and manufacturing processes. This strategy not only improves the efficiency andquality of production but also minimizes production costs and resource usage, fostering industry growththrough digital innovation.Connected to
4,492substations
Collaborated with
channel service providers
Daily management of approximately
GWh of electricity
Connected to
photovoltaic stations
and over
charging stations
energy storage stations
Balancing Management and Service: In-Depth Support for Lean Business ManagementEnergy digitalization,innovation-driven development
Synergies for win-win
sustainability
Enhancing Security
Lowering EnergyConsumption
Controlling Costs
ReducingEmissions
CarbonNeutrality
EEPX Electric Power Cloud Platform
Terminal devicesconnected to thenetworkIntelligent analysis forreal-time warning
Hierarchical energyconsumption anddata collectionMulti-dimensionalanalysis of energyconsumption data
Cloud-edgecollaboration forintelligent O&MCustomized energyconsumption andcost analysis
Data analysis forevaluation of emissionreduction potentialDigital design foroptimal energystructure
Real-time trackingof the whole valuechain of carbonfootprintCreation of acarbon efficiencyevaluation modelto guide carbonreduction
Big Data Analysis + Professional Team: In-Depth Service
Driving the transition to digital technologies for energy
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Appendix
Technological Empowerment for the constructionof "Station-Grid Friendly Interaction" New PowerSystem Comprehensive Demonstration Zone
Case
On December 8, 2023, the new Main-Sub-Micro SynergisticControl Operating Platform for power grids was put intooperation in Changzhou, marking the first time in Jiangsuthat regional power grids achieved synergistic controlwith resource aggregators, distributed photovoltaicsystems, energy storage systems, charging stations, andmicrogrids. Suwen Electric Energy, serving as a loadaggregator, participates in the construction of Changzhou's"Station-Grid Friendly Interaction" New Power SystemComprehensive Demonstration Zone. Leveraging ourtechnological and management strengths in new energyservices, we provide microgrid networking and accesstechnical solutions, from communication networkingto access methods, to support the implementation ofthis innovative power system and thereby contribute toChangzhou's development as a hub for new energy.
Smart Energy Management Platform: Microgrid
Smart Energy Management Based on Intelligent Dispatching Strategy
Carbonand EnergyManagement inParksElectricity quality managementEnergy consumption detection andanalysisEnergy usage forecasting and planningCarbon emission monitoring andanalysis
IntegratedAutomation forPower Distribution
and UsageRemote terminal unitsDistribution automation terminalsBusbar temperature monitoringEarly warning for electric powerevents
SubstationMonitoring
Control of substationsDistribution monitoringSurveillance videosEnvironmental data
In 2023, the Company marked significant breakthroughs in microgridtechnology research and application. Utilizing digital approaches,it achieved a unified and coordinated management of elementssuch as generation, grid, load, storage, and charging, facilitatedby intelligent scheduling. By considering variables like grid pricing,electricity demand, and renewable energy output, it accomplishedseamless integrated management from the cloud to the edge. Thisstrategy guarantees the microgrid's safe and reliable operation whileminimizing electricity costs. Moreover, this technology enhances themanagement and scheduling of distributed energy systems, boostingenergy utilization efficiency, and optimizing benefits across energy,economic, and environmental spheres.
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Appendix
PV x MetroThe distributed PV system is arranged on the rooftopsof various warehouses at the Nanxiashu Parking Lot andBaizhang Depot of Changzhou Metro Line 1, and DingyanDepot of Changzhou Metro Line 2, and the PV systemis fed into the power supply network of the metro. It isthe first project in Jiangsu Province to implement PVpower generation for metro depots and succeed in gridconnection.
About
6.19
MW of total installed capacityOver
GWh of expected average annual powergeneration capacity
Dingyan Depot of Changzhou Metro Line 2Tencent Tianjin Hi-Tech Cloud Data Center 10.54 MW
New Energy Microgrid Project
Jinko Solar Plant V 24 MW Rooftop Distributed PV PowerGeneration ProjectPV x Data CenterAs the largest IDC microgrid PV project in Tianjin, it assistsin the continuous growth of data center power demandand safeguards the steady supply of green energy. Thisproject also greatly promotes the application of greenenergy in the data center industry and vigorously pushesthe transformation of the energy structure in Tianjin.
10.54
MW of total installed capacity
GWh of annual zero-carbon green poweroutput
24.02322
MW of total installed capacity23,869,200
kWh of average annual power outputAbout8,592.9
tons of saved standard coalAbout23,797.6
tons of carbon dioxide emission reductionAbout6,492.4
tons of carbon dust emission reductionAbout
716.1
tons of sulfur dioxide emission reductionAbout
358.0
tons of nitrogen oxide emission reduction
PV x New Energy
Assisting in Energy Saving and Carbon ReductionIn response to the country's "dual-carbon" goals, Suwen Electric Energy continues to promotethe optimization and adjustment of its energy structure, invests in R&D and application of PVtechnology and virtual power plants, and seeks to improve the efficiency and intelligence of its energymanagement. Its efforts also include lowering energy consumption and carbon emissions, fostering anew form of electricity service, and promoting the upgrading of new electric power systems.
Energy Structure OptimizationAs a renewable energy source, photovoltaic (PV) is of great significance in addressing the rising cost ofpower consumption and the issue of "dual controls" (dual control system of total energy consumption andenergy intensity). Suwen Electric Energy is committed to assisting enterprises in all sectors in achieving low-carbon development with its professional technologies and services. By virtue of the mode of "self-use firstand the rest of the generation to the grid," Suwen Electric Energy continues to expand the application of PVin other scenarios, so as to provide customers with clean and convenient green energy sources.
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Appendix
In April 2023, the Company signed an agreement with Dongyang Guangming Electric Power Construction Co., Ltd.and Shanghai Juxin Haiju New Energy Technology Co., Ltd. to collectively build a 100MWh virtual power plant anda smart energy cloud platform in Dongyang City. The project is intended to integrate resources, use intelligenttechnology to integrate distributed power sources, and aggregate a large number of fragmented resources. By peakcut, the project can provide Dongyang City with power auxiliary services and effectively alleviate the pressure ofpower grid peak adjustment. Backed by the EEPX cloud platform, Suwen Electric Energy will work with its partnersto build a virtual power plant that is observable, measurable, controllable, and adjustable to support the green andlow-carbon transformation of energy sources.
100MWh Virtual Power Plant, a Large-Scale “Power Bank” designed for Dongyang CityCase
8.85
MW of installed capacity of PV power plantAbout
GWh of average annual power outputAbout3,118
tons of saved standard coalAbout9,715
tons of carbon dioxide emission reductionAbout
tons of sulfur dioxide emission reductionAbout2,650
tons of carbon dust reduction
PV x Manufacturing
HaoJue-Suzuki 8.85 MW Distributed PV Power Plant Project
15.092
MW of total installed capacity16,098,800
kWh of average annual power outputAbout5,795.6
tons of saved standard coalAbout16,050.5
tons of carbon dioxide emission reductionAbout
tons of sulfur dioxide emission reductionAbout4,378.9
tons of carbon dust reduction
Taiwan Glass 15.092 MW Distributed PV Power GenerationProject in Tianjin
15.70524
MW of total installed capacity15,704,000
kWh of average annual power outputAbout5,425.3
tons of saved standard coalAbout15,025.2
tons of carbon dioxide emission reductionAbout4,099.1
tons of sulfur dioxide emission reductionAbout
452.1
tons of sulfur dioxide emission reductionAbout
226.1
tons of nitrogen oxide emission reduction
SEMCORP 15.7 MW PV Project in Jiangsu
Promotion of Energy Efficiency Improvement
The virtual power plant is a product of the in-depth integration of energy managementand information technology, and is an integral part of the construction of a newtype of power system. Through peak cut, the virtual power plant enables centralizedmanagement and optimal scheduling of energy, and improves the efficiency of energyutilization. In 2023, the Company ventured into the virtual power plant sector. Bycapitalizing on its expertise in digital technology, power technology and cloud platform,the Company integrated multiple distributed energy systems, built a virtual power plantcloud platform and engaged in the exploration of a new business model for demand-side management of electric power.
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AppendixPopularization of Integrated Energy Technologies
The integrated PV-BESS-charging solution integrates three forms of electric power services: PV powergeneration, energy storage system and EV charging facilities. As an integral part of the construction ofnew electric power systems and the development of smart cities, it contributes to the formation of a low-carbon, high-efficiency and intelligent energy ecosystem. In 2023, the Company actively responded to thecall of the central government to "accelerate the construction of charging piles, energy storage and otherfacilities." In particular, we continued to step up our efforts in the PV-BESS-charging service project, offeredservices in logistics parks, parking lots, governments, hospitals, shopping malls and other service scenarios,and gathered strengths of PV power generation stations, storage stations and charging piles to build an all-in-one station. These efforts help us materialize a green and intelligent service model of "all-green powerand zero-emission."PV installed power:
kWEnergy storage capacity:
kWhEnergy storage cycle: approximately 2
times per dayMaximum power of a single charginggun:
kWDistribution capacity:
1,250 kVAService capability:
parking spaces
Constructed three sets of 1MW/3MWhcommercial and industrial energy storagesystems to assist enterprises in managing peaksummer demands, reduce production capacitylosses, and ensure stable power supply.Built a new energy infrastructure featuring120kW dual-gun fast chargers and a 7kWcharging pile cluster, establishing an integratedzero-carbon park model for green energyutilization that combines photovoltaic energygeneration, BESS, charging and utilization.
PV-Charging Station at Suzhou-Changzhou No.1 Station
Nanjing Fayn & Suwen Electric Energy PV-BESS-Charging Integration Project Breaks Ground
Currently, the country's dual-carbon strategy pushes forward in depth, and the NEV sector isgrowing rapidly. These bring about problems such as limited access to charging infrastructure,low charging efficiency, unbalanced distribution, poor operation practices, and impropermaintenance. Thanks to 17 years of practical expertise in the electric power industry and well-established branches across the country, Suwen Electric Energy kicked off its charging pileinitiative. On April 18, 2023, Suwen Electric Energy charging pile system was officially putinto operation. Suwen Electric Energy will progressively roll out the solution to share privatecharging piles within residential communities, conduct private management of chargingin industrial parks, scenic spots and commercial complexes, and optimize the centralizedmanagement and operation of public charging stations at government offices and parkinglots. Our operation patterns also include cultural personalization of urban charging facilitiesand integration of PV-BESS-charging. All we want is to deliver a one-stop charging solutionthat meets the needs of charging facilities for individuals, collectives, and governments. EEPXCharging Station is expected to put 1,000 PVcharging stations into operation nationwide inthe next three years. Each PV charging stationwill feature high-power DC piles, lounge areasand other business settings as required, as weare committed to building an integrated PV-BESS-charging station system.
EEPX Charging, A One-Stop Charging SolutionCase
EEPX Charging stations builtAs of the end of 2023,
EEPX PV charging station has been put into operation,
EEPXPV charging stations are under construction, and
ordinary charging stations havebeen put into operation
charging spaces in place
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AppendixSecuring Reliable Power Supply
Suwen Electric Energy is dedicated to its mission of delivering "safe, reliable, cost-effective and efficient" electric power services to itscustomers. To do so, we seek to optimize the operation of the power system and boost the power "storage" function. This enables us toimprove the stability and reliability of the power system and minimize power system losses. This translates into a coordinated and stableenergy network that enhances the safety and reliability of the power supply.Advanced Design for Transmission and DistributionWe apply advanced technologies and design ideas in all aspects of power transmission and transformation, power supply and distribution,integrated energy, and distribution network planning, so that we can provide our customers with safe, reliable, cost-effective, and efficientpower services.
The Company's power distributionengineering design qualification hasbeen upgraded to ClassA
Power Transmission DesignIndependently designed the 220kVfour-circuit four-column steelpipe pole with the same pole andmixed voltage, and independentlydesigned the large-span cablebridge.Developed and appliedtechnologies such as hologramroute selection, BIM for cableprojects, and long-distance pipejacking for high-voltage cabletunnels.
Power Transformation DesignAdopted three-dimensionalforward design for "graphic-modelintegration," enabling a seamlesstransition from design to drawings.Developed and appliedtechnologies such as carbonemission research and monitoring,digital substation design, and theuse of clean air and vegetable oilsin our equipment.
Design for Power DistributionUtilized advanced sensors,communication equipment andcomputer technology to realizeintelligent management andcontrol of the power distributionsystem.
New Energy Design
Implemented integratedmanagement and optimizedallocation of multiple forms ofenergy (e.g., solar, wind, gas).Integrated PV power generation,charging piles, and energy storagestations to build a comprehensiveenergy station based on thesubstation design module.
Power System PlanningFormed a new systemdepartment, employed state-of-the-art algorithms and models forscience-based planning of powergrids.
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Comprehensive Energy Storage SystemAs distributed PV and wind power generation become widely available, fluctuating and intermittent energy shocks have a greater impact onthe stability of the power grid. Under this context, an energy storage system is capable of regulating the stability of the power grid, relievingthe peak pressure of the power grid, and facilitating the consumption of new energy by business users. This translates into a transition of aconventional power system to a new, green and low-carbon one. Jiangsu Sibei'er Haina Energy Storage Technology Co., Ltd., a subsidiary ofSuwen Electric Energy, is committed to providing users with a safer and more cost-effective new energy storage solution. Operating a seriesof energy storage products for rivers, lakes, and seas to meet the needs of different users, it seeks to actively promote the construction anddevelopment of a new type of electric power system in China.
Large Centralized EnergyStorage Power PlantCommercial andIndustrial User
Centralized Energy StoragePower Station and DistributedEnergy Storage Base Station
Family User
Large-Capacity Centralized Energy Storage System Yangtze Series
Medium-Capacity Distributed Energy Storage System YellRiv Series
Small-Capacity Distributed Energy Storage System QianDLake Series
High-Power Boost Converter System ThrGorge Series
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The Energy Management System (EMS), an integral part of the energy storage system, is designed to ensure the stable and efficientoperation of the energy storage system by supporting data management, monitoring, control and optimization for the microgrid schedulingand control center. As the decision-making hub of the Company's energy storage system, the energy management system of SuwenEnergy Storage Station adopts a cloud-edge synergistic architecture, with complementary optimization of control strategies for dataanalysis and mining in the cloud and computing services at the edge. Thanks to its interaction with PCS, the system allows for active powercontrol, reactive power control, black-start control, peak-frequency regulation, and other energy storage features, making it possibleto meet the functional requirements of most energy storage projects. Moreover, the system, which provides sound digital, systematicand visualized technical means for cost-effectively applying energy storage, plays a key supportive role in enhancing the reliability, cost-effectiveness and sustainability of energy services.
Located in Jintan District, Changzhou City, the projectaims to integrate the coordinated control of DC equipmentand flexible AC/DC converters through the establishmentof a multi-source complementary electricity and heatsynergy platform and testing & control system. Throughreal-time online monitoring and precise regulation of eachenergy system, the project allows optimal allocation ofenergy for six sub-projects related to PV, electric energystorage, charging piles, electric refrigeration and heatingin the construction from a new power system in Jintan.As it is expected to achieve about a 15% improvement inO&M efficiency, a 5% reduction in energy costs, and a10% reduction in O&M costs, the project will materializesignificant green and low-carbon development witheconomic benefits, establishing itself as a role model forthe building of a new type of electric power system.
Multi-source Complementary Electricity andHeat Synergy Platform Project at BoyuanMicrogrid Park, Jintan DistrictCase
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AppendixDeepening Technological Innovation
The R&d innovation is the lifeline of enterprises and the secret for maintaining perpetual vitality. SuwenElectric Energy has always adhered to the development philosophy of “enhancing competitiveness andefficiency through technology”. We stimulate innovation by establishing a sound innovation system,increasing investment in scientific and technological R&D, bolstering talent development, promotingindustry-university-research cooperation, and implementing intellectual property protection strategies.These measures lead to advances in technology, upgrades in products, and improvements in services,constantly elevating the Company's competitive edge and its voice in the industry.
Innovative R&D Management
Suwen Electric Energy boosts the birth of new technologies and products and sparks employees'innovation through the establishment of a scientifically standardized R&D management systemand incentive mechanisms. This strategic approach increases the Company’s agility in navigatingmarket shifts and fuels its ongoing growth. We have also formulated multiple innovative managementsystems, includingProduct R&D Management System, R&D Full Lifecycle System, and System for theOrganization, Implementation, and Incentive Rewards of Technological Achievements Transformation,constructing a robust R&D management system and providing strong institutional support for theCompany's innovation management.
In 2023, the Company wasrecognized as a“High and New TechExpertise”.
Improving Innovation MechanismsWe have established a sound innovationmanagement system that defines the goals,tasks, processes, and assessment criteria forinnovation work, providing robust institutionalsupport for the Company's innovation activities.We implement an innovation reward mechanismto recognize employees who achieveoutstanding results in innovation work, therebystimulating their enthusiasm and initiative forinnovation.We have established a cross-departmentalcollaboration mechanism to encourageemployees from different departments tocollaborate. This initiative breaks downdepartmental barriers, promotes informationsharing and resource integration, and improvesinnovation efficiency.
Building an Innovation Platform
We have established a dedicated R&D centerresponsible for the products development andtechnological innovation, providing technicalsupport for the Company’s sustainabledevelopment.Advancing industry-academia-researchcooperation, we have partnered with HohaiUniversity to establish a graduate workstation,applied for a provincial-level post-doctoralworkstation, and collaborated with ChinaUniversity of Mining and Technology, HefeiUniversity of Technology, and ZhejiangUniversity on the development of powerelectronics-related products.We have established an innovation laboratoryto provide employees with an open and freeexperimental environment, encouraging themto engage in independent innovation andexperimental verification.
Nurturing Innovative TalentWe optimized the human resources structure byimplementing a talent strategy that combinesreserves, cultivation, and introduction.We have established talent echelons,emphasizing talent cultivation and echelonconstruction. This involves selectingoutstanding employees for key positionsto develop their leadership and innovationcapabilities.We conduct training activities by regularlyorganizing internal training events to enhanceemployees’ professional competence andinnovation abilities, promoting communicationand cooperation among employees.We encourage employees to participate inindustry exchange activities, aiming to expandtheir horizons and keep abreast of cutting-edge industry developments. This approachsignificantly backs our innovative growth
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8,455.78
9,802.26
6,485.69
3.59%
3.49%
3.64%
202220232021
R&D investment (RMB 10,000 revenue)R&D investment as a percentage ofoperating revenue
The project “Research on Flexible Interaction Technology of Comprehensive Energy System Based on
Spatial-temporal IOT” has won the first prize of the“Qianjiang Energy Science and Technology Award”
Highlights of Innovations
Number of research personnel
Proportion of research personnel
33.47
%
Software Product R&D
Energy storage integrated machine (215kWh) EMSsystemSoftware and hardware product libraryMicrogridVirtual power plant
Participation in standard-setting
Guidelines for Construction of Shore-to-ship PowerSupply System— Part 1: Power Grid Side (Nationalstandards)
T/QGCML 1591-2023Solar Panel Assembly TechnicalSpecifications
T/QGCML 1576-2023Night Warning High and LowVoltage Distribution Cabinet
Equipment R&D
Siemens 8PT low voltage authorized cabinets andNXAIRS high voltage authorized cabinetsThe low-voltage authorized cabinets have obtained theChina compulsory certification from the China QualityCertification CenterWe completed the R&D of the PANEL-X smart distributioncabinet, earning the title of “Jiangsu Fine Product”Digital and automated production line for frame circuitbreakers
Design R&D
Independently designed 220kV co-located mixed-voltage quadruple-circuit quad-pole steel tubular poletechnologySelf-designed “large-span cable tray” new technology“Integrated drawing and modeling” 3D forward designtechnologyR&D of new photovoltaic installation technologyR&D for the safe and reliable operation of capacitorequipment in substationsR&D on the simultaneous lowering of 110kV quadruple-circuit cable terminal poles in congested areas
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Appendix
PatentUtility model patentsDesign patent
Intellectual Property Rights ProtectionIntellectual property rights protection is a key weapon to protect innovations and maintain the core competitiveness of an enterprise.In strict compliance with thePatent Law of the People's Republic of Chinaand other relevant laws and regulations, Suwen ElectricEnergy has formulated a host of internal policies on intellectual property management, such as theControl Program for IntellectualProperty Documents, the Control Program for Intellectual Property Management Review, theControl Program for Intellectual PropertyRisk Managementand theControl Program for Intellectual Property Confidentiality. All these programs help structure a well-developedintellectual property management system.
By the end of 2023, the Company has secured acumulative total of
authorized patents
Total number of newpatents filed:
Total number of newpatents granted:
Obtained the GB/T 29490-2013intellectual property managementcertification
Number of new software copyrightsadded in 2023:
Total number of softwarecopyrights obtained:
2023New patents filed
(items)
2023New patentsgranted (items)
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IP Risk IdentificationIP Internal Control Management?IP Awareness TrainingKey Personnel Confidentiality
Management
$
In 2023, the Company adopted a series of management measures to effectively prevent and avoid infringement risks. Such measures include conducting IP risk identification, strengthening internal IP control andaudit, providing IP awareness training, and enhancing confidentiality management for personnel with access to sensitive information, which effectively prevented and mitigated the risk of infringement. During thereporting period, no IP-related litigation occurred.
The Company has moved forward themanagement of intellectual propertyprotection to the pre-sale stage. In 2023, instrict compliance with thePre-sale IP Sorting& Protection and Risk Avoidance Program, weconducted meticulous IP sorting and marketcompetition analysis for all products offeredfor sale. By evaluating potential infringementrisks, the Company has ensured thecontinuous updating and mature developmentof product technology and strengthened itscore competitiveness in technology. Moreover,we requested all sales and relatedemployees to familiarize themselves with thePre-sales IP Sorting & Protection and RiskAvoidance Program.
The Company has put in place a soundIP protection system, as evidenced intheDocuments on Intellectual PropertyProcedures, an internal management practiceprepared by the Company and enforcedsince January 1, 2023. In 2023, the Companyorganized and carried out an internal audit ofthe IP management system and managementreview. It was found that there was oneunsatisfactory matter in the internal audit,and a rectification plan was formulatedaccordingly. We constantly modernize ourintellectual property assessment methodsin the course of production and operation,and comprehensively apply quantitative andqualitative analysis to ensure objective andfair management of IP assessment.
The Company attaches great importance tothe cultivation of employees' awareness of IPprotection. To do so, we formulated an annualIP training program and devised 8 dedicatedtraining packages involving the certificationof the IP system, technical disclosure, patentapplication preparation, basic IP training, etc.These training sessions benefit the seniorexecutives, salespersons, and IP professionalsof the Company.
The Company has intensified its confidentialitymanagement of intellectual property rightsfor key personnel, standardizing the handlingof core commercial secrets by employeesinvolved in design, construction, andsales processes through the execution ofconfidentiality agreements. Additionally, weconducted loyalty training and tests to ensurethe stability and integrity of our core team.
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Appendix
Adhering to Quality First
The product quality of an enterprise can have a direct impact on its brand identity, customer satisfactionand market competitiveness. Suwen Electric Energy always insists on the priority of product quality,develops quality management system, and executes strict quality management. These efforts ensurethe effective operation of the quality management system. In 2023, the Company obtained 20 qualitycertificates. In addition, the Company was recognized by the Jiangsu Exploration and Design Associationas "Jiangsu Advanced Organization for Exploration and Design Quality Management" and "JiangsuIntegrity Organization for Engineering Exploration and Design Industry."
Maintaining Strict Quality ControlThe Company strictly implements various management systems and management processes stipulatedin ISO 9001 quality management system documents. To satisfy the Company's needs for businessgrowth, we have formulated the Quality Management System Flow Chart, so that quality managementcan be conducted throughout processes like planning, research, design, construction, sales, acceptanceand evaluation. In addition, we have institutionalized and standardized our quality management systemby drafting a list of documents such asUniform Requirements for the Quality of Construction Processesof the Project, Measures for the Administration of Designing Processes, Management System ofProduction Equipment, andFinished Product Management System. In order to improve and optimizethe quality in a timely manner, we hold periodic meetings for quality analysis depending on operationalconditions, such as weekly quality meetings for equipment production. In response to issues related toweekly outgoing quality control at the workshop, we make timely analyses of the causes and exchangeideas, identify the recurrent problems and weaknesses, and put forward corrective measures.
In 2023,the product quality checkpass rate was
90.28
%
In 2023, the company obtained
quality certifications invarious fields
an increase of
2.28
percentagepoints compared to theprevious year
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Design Quality Management
Installation and Construction Quality Management
In 2023, we, through optimization, divided project construction processes into 8 steps for pre-construction, mid-construction and post-construction, and prepared the standard operation procedure sheet to breakdown each step of overhaul content and precautions. These enable us to ensure that the quality of installation and overhaul work remains "controllable, under control, and available for control."
Familiarize yourself with the drawings, make a thoroughanalysis, and communicate promptly in case of any problems;
Convene kick-off and knock-off meeting on site, and clarifythe work task, division of labor, cautions and precautions fordangerous points on site;
Wrap up completed projects in a timely manner, drawexperience and identify deficiencies to continuously optimizeconstruction processes and improve technical standards,and organize the sharing of acceptance requirements andexperience;
The construction data shall be submitted in paper form to theinternal work manager of a team in a timely manner.
Fill in the construction log, timely communication with theproject manager on the inconsistency between the drawingsand the site, and at the same time, always keep alert to thesite safety;
Each team shall carry out preliminary self-inspection andacceptance within the team with reference to the self-inspection table, and the projects of 35kV and above shallbe re-inspected and accepted by the Safety and QualityDepartment;
Fill in the survey sheet as per the drawings and siteconditions, and proceed to the construction site only after theproblems are well coordinated;Prepare safety measures, organizational measures, andtechnical measures in a timely manner, and clarify theconstruction plan, construction schedule, construction processand technical standards. These documents shall be preparedby the project owner, reviewed by the team leader, andapproved and issued by the Safety and Quality Departmentbefore execution;
Through this system,we set up a qualificationpool of designersand clarify the jobresponsibilities andauthority of designersat all levels, so as toensure quality design.
Through this system, wemanage design changes,including changes to theapplication, approval,implementation, etc., soas to ensure that designchanges are in line with thespecifications and standards.
Through this system, wemanage design data, includingraw materials, calculations,drawings, etc. In 2023, weincorporated archiving into thedesign management platformto ensure the design data arecomplete and safe.
Through this system, we exercisecomprehensive control over the designprocess, including the phases of schematicdesign, preliminary design, constructiondrawing design, and as-built drawing design,so as to make sure that they are consistentwith the specifications and standards. In2023, we amended theMeasures for theAdministration of Designing Processestofurther standardize the quality control of thewhole process of design.
Through this system, we strictly implement the process ofproofreading, reviewing and approving design documents,including drawings, calculations and specifications, so as toensure that the design documents are valid and complete.In 2023, we prepared theList of Key Points for Proofreading,Reviewing and Approving Design Documents, andincorporated the system for proofreading, reviewing andapproving design documents into the design managementplatform, so as to improve the quality of design and theefficiency of proofreading, reviewing and approving designdocuments. As a result, we achieved a drawing correctnessrate of more than 99%.
Designquality responsibilitysystem
Designchange managementsystem
Designdata management systemDesignprocess control system
Designdocument review system
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Workshop Production QualityManagementPrepare common sense of 6S workshopmanagement, including 32 action tips, tocontinuously improve the awareness ofemployees.Implement separate management bysection to ensure that each section’soperations are professional and skillful,so that the quality and efficiency of theproducts made by each section can bemaximized.Revise and improve theRegulationSystem for Supplier Product Quality, andcarry out quality spot-checks and controlson suppliers’ materials to ensure thatproduct quality meets the requirements.
Intelligent Manufacturing
Driven by the two pillars of the tertiary industry and manufacturing industry, Suwen Electric Energy actively engages in the intelligent manufacturingindustry while delivering green and intelligent electric power services. This enables us to offer a wide range of key products, including energy storageequipment integration system, high power booster and converter system, AC and DC charging piles, frame circuit breaker production line, and intelligentproduction and testing equipments for charging piles. In 2023, the Company saw significant progress in its intelligent manufacturing operations, suchas the intelligent electric production base construction project, the digital and automated production line for frame circuit breakers, and the intelligentproduction and testing equipment for charging piles.
Intelligent Electric Production Base ConstructionProject
Digital and Automated Production Line for FrameCircuit BreakersLocated in the Wujin Economic Development Zone, Suwen Electric EnergyIntelligent Electric Production Base is scheduled in three phases, whichinclude 11 workshops and will cover a total area of 320,793 square meters.The project phase I comprises two new buildings, Workshop A andWorkshop B, with a total floor area of 164,051 square meters. The mainstructure has been completed, and it has successfully passed a number ofquality and safety assessments, such as the acceptance of provincial-levelstandardized sites and the acceptance of Changzhou's green constructionprojects. The project is primarily intended for the production of intelligentcomplete sets of high and low voltage cabinets, medium and low voltageintelligent circuit breakers, prefabricated warehouses for energy storage,PV intelligent box transformers, AC and DC charging piles, and otherintelligent electrical products.
As a flagship digital and automated production line of the Company'swholly-owned subsidiary, Jiangsu Sibei'er Haina Energy StorageTechnology Co., Ltd., the digital and automated production line for framecircuit breakers integrates modern intelligent technologies such asrobots, sensors, control systems, etc., and brings together four aspects,namely, electromechanics, information, imaging and network. The layoutof the production line is designed to reasonably divide each processto maximize the smooth operation of the production line and improvethe line's operating speed and production efficiency. The Companyadopts modernized and digitalized management means to improve theproduction line capacity, while introducing the networking system todynamically keep abreast of the production data and operation status;each operating unit is equipped with an electronic display screen, andthe assembly process is loaded into the display screen equipment. Thesefacilitate the enhancement of consistency of operation and stability ofquality in the production line.
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Run customer training initiatives to inform on advanced power consumption managementplatforms and technologiesOffer training collateral for different user groups to help them understand the benefits ofrefined management
User Education and Training
Enact a differentiated incentive policy to reward customers depending on their actualelectricity use and the extent to which they change their use of electricityMake use of technology to monitor user response in real time and adjust incentives tomaximize user involvement
Differentiated Incentive Policy
Offer personalized electricity consumption advice based on user-specific electricityconsumption data, so as to encourage users to cut down their electricity consumption loadduring peak hoursDeliver customized suggestions in a timely manner through intelligent push and SMS toguide users to optimize their electricity consumption behavior
Customized Electricity Suggestion
Set up a real-time response mechanism to enable the system to quickly communicate withusers and provide immediate power consumption adjustment suggestions in the event ofmarket price fluctuations or rising security risks in the power systemMake use of the intelligent metering system and real-time data analysis to enable real-timemonitoring and response to users' electricity consumption
Real-time Response Mechanism
Delivering Professional CustomerService
With the vision of "serving a million enterprises, connecting the world through electric power," Suwen ElectricEnergy actively fits itself into the energy scenarios of customers' industries, taps into customers' serviceneeds, and takes the initiative to deliver all kinds of energy solutions. These efforts enable customers to havea high-quality and convenient experience of electricity services.Quality ServiceWith a customer-centric culture, Suwen Electric Energy continues to enable a well-established customerservice management mechanism, optimize the customer service process, and improve customersatisfaction surveys and after-sales service management. This effort seeks to fulfill the service objectivesof rapid response to customer needs and deliver intelligent service to customers.Refined services on the demand side
At Suwen Electric Energy, developing a visual energy consumptionmanagement platform makes it possible to execute demand-siderefinement management. This helps promote the in-depth interactionbetween power sources, loads and power grids of all kinds, and raisesthe overall capacity of the power system in terms of safe and stableoperation, optimal allocation of resources, and the consumption of cleanenergy. Thanks to its service platforms, such as the virtual power plant(the EEPX cloud platform) and the energy storage system platform, theCompany helps users get a clear picture of their electricity consumption,guides them to adjust their electricity consumption patterns, and sharessuperior electricity.
The Company has beenaccredited as a first-classqualified management andservice provider for powersupply to industrial sectors for
consecutive years
Delivered over
PV service projects
Delivered over
energy storageservice projectswith a total service capacity of over
1.12
GW
with a total service capacity of over
813.99
MWh
Launched
new overseas project
Currently engaging over
channel service providers
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Customer satisfaction rate:
%Number of customer complaintsreceived:
We operate
customer service centers in
provinces across the country, catering to more than
10,000
customers
We offer
service both online and offline
We secured afive-starstandard certification for GB/T 27922-2011Commodity After-sales ServiceEvaluation System
Well-Rounded After-Sales ServiceWe have established a sound after-sales service mechanism, formulatedtheAfter-sales Service System, and regulated the after-sales serviceprocess, service standards, and appraisal management methods. Theseefforts enable us to guarantee quality after-sales service. Suwen ElectricEnergy is armed with a full-time after-sales service team and opens a24/7 after-sales service hotline (400-9288-400) to respond to customers'requests. In addition, the Company commits to delivering maintenanceservices within 2 hours and resolving problems on-site within 12 hours.These measures are aimed at raising the users' satisfaction and trust.
Improved Customer SatisfactionWe have established a customer service quality monitoring mechanismand conducted regular customer satisfaction surveys through telephonecallbacks, on-site interviews, questionnaires, etc. These help us gain anunderstanding of customer satisfaction with product quality, contractfulfillment, service quality, after-sales service, etc., tap into and analyzethe strengths and weaknesses of our own products and services, andundertake relevant improvement and upgrading initiatives.In addition, we attach great importance to customer complaints andfeedback by formulatingthe Measures for Administration of CustomerComplaints, reinforcing the handling and follow-up of customercomplaints, and ensuring that customer complaints are dealt with in atimely and effective manner. Our active efforts to implement effectivewhistleblowing channels allow customers to voice their suggestionsfor improvement of our products, services, and processes through the400-prefixed hotline, e-mail, and WeChat.
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AppendixResponsible Marketing
Implementing accountable marketing and communicating accurate product and service information is an integral part of our long-termand stable development. Suwen Electric Energy puts into practice the ideas and values of corporate social responsibility in day-to-daymarketing efforts and business operations. In compliance with theAdvertising Law of the People's Republic of
Chinaand other laws andregulations, Suwen Electric Energy has formulated theSales Management System internally, which provides for strict scrutiny of theuse of advertisements in the marketing process and the elimination of exaggerated promotional behavior.
Inform customers of true and complete product information
To inform customers of true and complete product information, we strictly control promotional collateral and marketingpractices, while regularly reviewing and updating product and service information; our channels for customers to obtaincomplete product information include the Company's official website, service hotline, and inquiries from our customerservice managers.
Strengthen training and appraisal to increase employees' awareness ofaccountable marketingWe regularize awareness training on accountable marketing and conduct performance-based appraisals for accountablemarketing constraints management.
Strengthen internal and external supervision to correct any unaccountablemarketing behaviors in a timely mannerWe establish an accountable marketing control program and regularly practice internal control audits for accountablemarketing. These include the review of marketing activities, handling of customer feedback, and handling of non-compliance.
Number of attendances in responsiblemarketing training:
Coverage rate of accountable marketingtraining for sales personnel:
%Total hours of accountable marketing trainingfor employees:
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Information Security and Privacy ProtectionThe frequent incidents of cyber-attacks and data leakage in the digital era have triggered widespreadpublic concern about information security and privacy protection. Given this, strengthening informationsecurity and privacy protection is the key to winning customers' trust, maintaining corporate goodwill,and observing laws and regulations. To ensure an effective information security system, the Companyattaches great importance to the protection of customers and other personal information, while strictlycomplying with thePersonal Information Protection Law of the People's Republic of Chinaand otherrelevant laws, regulations and policy requirements. In accordance with GB/T 22080-2016/ISO/IEC27001:2013Information Technology - Security Techniques - Information Security Management Systems- Requirements, the Company has established an information security management system and hasobtained the Certificate of Management System Certification.The Company has formulated and announced a rangeof dedicated systems such asInformation SystemManagement System, Important Information BackupManagement Procedures, Information Security RiskManagement Procedures, Third Party InformationSecurity Management Procedures, Information SystemEmergency Plan Management Procedures, etc., andset up a sound hierarchical and graded institutionalsecurity system. These efforts help safeguard customers'information and data security in an all-around and multi-dimensional manner. Featuring information data security,network equipment security, information system security,personnel authority management, and managementof personnel involved with secrets, these systems areintended for Suwen's employees, electricity customers,third-party personnel and other parties.
Encrypting critical information
Implementing an access control policy
Regular security reviews
Conducting information security training
Conducting system security drills
The Company utilizes encryption technology for storing customer information to ensure thesecurity of customer information during storage. End-to-end encryption programs are deployed toprotect sensitive data during transmission and storage.We develop and implement a data classification policy in order to clarify the protection needs ofdata at different levels. We implement access controls to ensure that only authorized personnelhave access to sensitive information.The Company conducts regular security reviews on the protection of customer information andthe prevention of data and information leakage to identify and correct potential security risks ina timely manner. With respect to certain high-risk system applications, the Company conductsoccasional dedicated audits or penetration tests to identify potential security risks.The Company conducts information security training on a regular basis to raise employees' awarenessof and attention to information security and to prevent data and information leakage. In addition, theCompany offers information security courses as part of the new employee induction program, as wellas targeted special information security training directed at IT technicians and senior executives.The Company conducts simulated phishing attacks as a means of preparing employees to recognizeand prevent social engineering attacks. The Company performs regular red-team drills to simulatereal attacks and evaluate the effectiveness of the defense system. Moreover, the Companyperiodically tests and verifies the integrity and availability of data backups and develops contingencyrecovery plans to ensure that systems can be restored quickly and effectively in the event of a dataloss or attack.
Information security and databreach incidents:
Number of attendances in informationsecurity training:
Information security training sessionsconducted:
Cyber offensive and defensive exerciseconducted:
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Striving for More RobustDevelopment Together
Number of attendances in employee anti-corruption training:
Total number of suppliers:
1,045
Cash dividends(including taxes): RMB60,015,100
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Exemplary "Red Chain Star" of Party BuildingIndustry Development in Wujin District
Most Beautiful Women's Achievement Team"
Green GuaranteeUniting the SuwenFamily
Yellow EmpowermentEnhancing ContinuousLearning Capabilities
Red LeadershipEnergizing Positive
Team Dynamics
Strengthening theFoundation and Forgingthe Soul through PartyBuilding
The basic colors of electric wires are red, yellow, and green, whichserve as the foundation for stable electric energy transmission. Asan EPCOS supplier of electric energy, Suwen Electric Energy fostersthe integration of Party building and corporate development, creatinga unique "Red, Yellow, Green" approach to Party building with theCompany's characteristics. This approach aims to establish an"international energy Internet enterprise with Chinese characteristics",providing a solid organizational foundation for the Company's steadygrowth and rallying forces for progress.
The Essence of "Red, Yellow, Green" Party Building
Red, the color that captures the attention of those in the electric energy sector, symbolizeshow Party building is the "critical move" in Suwen Electric Energy's development, ignitingpositive momentum among our people.By integrating organizational learning with the Company's operations, we empower Partymembers and other employees, stimulating the team's creativity more effectively.By cultivating the "Seven Swords" culture, we establish and refine various safeguardmechanisms, fostering a corporate culture that prioritizes customer satisfaction and gratitudetowards society. This culture encourages our employees to leverage their capabilities toprovide better services for users, ensuring that every ounce of electrical energy is maximizedin value. Ultimately, we can achieve a win-win situation for both corporate growth andemployee progress.
probationary member
Party cells under the main branchComprising of
official Party members
active applicants for Party membership
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Thematic educational activities for Party building
A service activity titled "I Am a Proud CPC Member" was heldto celebrate the 102
nd
anniversary of the founding of theCommunist Party of China, on July 1, 2023
Joint Party building event with Changzhou branch of ChinaBanking and Insurance Regulatory Commission, on June 27, 2023
Selecting backbone "power lines"Building education "power banks"Igniting red "illuminants"Focusing on the "double cultivation and double recommendation"mechanism, which aims to cultivate outstanding businessbackbones into Party members and vice versa, as well as topromote Party members for mid-level positions and outstandingParty members at the middle level for senior positions. Thisapproach intensifies our efforts to recruit Party membersamong top-tier and elite talents. During the reporting period,approximately 32% of the Party members held positions at orabove the middle management level in critical areas such ashuman resources, finance, and material management.
We diligently implement institutions such as the "Three Meetings andOne Lecture" (e.g., meetings of the Party branch and its subsidiarycommittees and cells, as well as Party lectures), thematic Party days, andheart-to-heart conversations. We have established eight "Suwen PioneerStudy Groups" to reinforce the ideological education among membersof the Party branch. Furthermore, we have formed the "Suwen PartyMember Task Force", designating vanguard positions and establishingresponsibility zones for Party members. These initiatives are specificallydesigned to tackle complex technical challenges and provide strongsupport for the exponential growth and rapid expansion of the Company.
We actively engage in Party building collaborations,adopting a "point-to-area" approach. We regularlyorganize support activities for Party branches in smalland micro private enterprises, together with joint Partybuilding events, among others. This approach fosters theintegration of Party building with corporate development,truly propelling small and micro enterprises towardsmutual development and shared success.
We actively promote the study and education of Party history in various through various forms, such as micro-Party lessons, lectures delivered bythe Party branch secretary, Party group study sessions, and special lectures on the spirit of the 20th CPC National Congress. These initiatives ensurethe thorough implementation of thematic education requirements, fostering a comprehensive understanding that leads to practical application. Inview of the large number of young Party members within the branch, we emphasize online platforms such as WeChat, QQ groups, and official socialmedia accounts to disseminate and study the Party's advanced theories. These platforms facilitate the exchange of thoughts related to practicalwork, together with thematic discussions organized, which ultimately enhance learning outcomes. In 2023, we organized democratic meetings anddemocratic appraisals for Party members, incorporating criticism and self-criticism exercises. This process encourages Party members to reflect ontheir work practices and strive for continuous improvement through introspection. Furthermore, we organize Party classes, with a total of 4 Partyclass sessions, 12 Party cell study sessions, and 2 lectures on the spirit of the 20th CPC National Congress, delving deeply into the study of the Party'sadvanced ideologies.
Steering the Ship Under the Leadership of the Party
Transforming Party Building Strengths into Development Advantages
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Strengthening CorporateGovernance
A robust system of corporate governance is essential for the sustainabledevelopment of any enterprise. Suwen Electric Energy actively improvesits corporate governance structure, enhancing both the standards andeffectiveness of governance practices. We have further optimized ourapproach to information disclosure and investor communication, so asto facilitate the Company's sound operation in the long run. As a result,we can better meet the expectations of our shareholders, employees,partners, and other stakeholders.Governance Framework
Suwen Electric Energy adheres to relevant laws and regulations, such asthe Company Law of the People's Republic of China, the Securities Lawof the People's Republic of China, the Code of Corporate Governance forListed Companies, andthe Rules Governing the Listing of Shares on theChiNext Market of Shenzhen Stock Exchange, along with the rules andregulations for listed companies. We have established a comprehensivecorporate governance system centered around the Company'sArticlesof Association. It includes theRules of Procedure for the GeneralMeeting of Shareholders, Rules of Procedure for the Board of Directors,Rules of Procedure for the Board of SupervisorsandWorking System forIndependent Directors. The system is continually revised in response tothe Company's development and regulatory changes. The Company hasdeveloped a mature and efficient organizational management structure,forming a corporate governance system characterized by a cleardivision of powers and responsibilities among the governing, decision-making, supervisory bodies, and the executive level. This ensures thateach level operates within its defined duties and authority and fulfillsits responsibilities, thereby effectively guaranteeing the fairness andrationality of corporate governance decisions.
The General Meeting of Shareholders is the highest governing body of the Company, entrusted with exercising voting rights onsignificant matters such as corporate business policies, investment plans, and the election of executives, all in accordance withstatutory regulations. The Board of Directors functions as the business executive body of the General Meeting of Shareholders,exercising its powers in accordance with theCompany Law of the People's Republic of China and the Articles of Association.It isresponsible for convening shareholder meetings, reporting to the General Meeting of Shareholders and executing resolutions atshareholder meetings. It determines the Company's business plans and investment strategies. And it serves as the highest decision-making body for managing economic, environmental, and social issues within the Company. The Board of Directors comprises fourspecialized committees: the Audit Committee, the Nomination Committee, the Strategy Committee, and the Remuneration andEvaluation Committee. The Supervisory Board, consisting of three supervisors (including one employee representative), acts asan internal oversight body. It fulfills supervisory responsibilities related to the Company's finances, compliance management, riskmanagement, and the conduct of senior management. The Supervisory Board thoroughly deliberates on the Company's periodicreports and risk control indicators. It attends Board meetings, reports to the General Meeting of Shareholders, and safeguards thelegal rights and interests of the Listed Company and its shareholders.In 2023, the Company conducted elections for the Board of Directors and the Supervisory Board, in strict accordance with relevantlaws, regulations, and internal policies. It convened and held shareholder meetings in compliance with theRules for GeneralShareholders' Meetings of Listed Companiespromulgated by the China Securities Regulatory Commission and the Company's own
Rules of Procedure for the General Meeting of Shareholders. The Board of Directors and the Supervisory Board meetings wereheld in accordance with their respective rules of procedure, ensuring strict adherence to voting matters and procedures, therebysafeguarding the legal rights and interests of the Listed Company and its shareholders.
Governance Structure
Supervisory Board meetings were held,with
resolutions adopted
Audit Committee meeting,2?Nomination Committee meeting,
Remuneration and Evaluation Committee meeting were held
shareholder meetings were held,with
resolutions adopted
Board meetings were held,with
resolutions adopted
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49 or below50-5960 or above
PhD degreeMaster's degreeBachelor's degree
Age
Academic Qualification
Emphasizing the independence and diversity of its Board, SuwenElectric Energy considers a range of factors such as multiculturalbackgrounds, educational experiences, work histories, gender,and age when nominating directors. The Company also leveragesthe expertise of independent directors in enhancing scientificand effective decision-making by the Board. As of the end of thereporting period, the Board consists of seven members, including3 independent directors. Over 42% of the directors hold a master'sdegree or above, while 100% of them possess at least a bachelor'sdegree. The directors of the Company bring a wealth of experienceand expertise from diverse fields such as electrical engineering,finance, and accounting. They are equipped with the necessaryknowledge, skills, and qualities to effectively fulfill their duties. Mr.QU Wenzhou, an independent director and Dean of Jinyuan Instituteof Xiamen University, boasts qualifications as both a Certified PublicAccountant (CPA) in China and a Chartered Financial Analyst (CFA) inthe United States. With a long-standing dedication to teaching andresearch in finance and accounting, he possesses extensive financialexpertise and experience. Mr. JIANG Baoguang, a director of theBoard, has served as a full-time electrical engineer at PowerChinaNuclear Engineering Company Limited. He is a highly qualifiedprofessional, holding titles as a senior engineer, registered electricalengineer, and first-class constructor, with a wealth of experience in
Independence and DiversityDiverse Backgrounds of Board Members
electrical research and risk management.The Board upholds its responsibilities with strict adherence to theCompany Law of the People's Republic ofChina, relevant regulationsfor listed companies, and the Company'sArticles of Association. Itemphasizes standardized operations, bolsters risk management, andoversees ESG issues and their performance. The four specializedcommittees under the Board each consist of three directors. Amongthem, the Audit Committee, the Nomination Committee, and theRemuneration and Evaluation Committee each have at least two-thirdsof their members as independent directors, with an independentdirector serving as the chairman (or convenor). The Audit Committeeincludes one independent director who is a professional accountant.The committees have clear and distinct responsibilities, operateeffectively, and ensure the objectivity and fairness of the Board'sdecision-making processes. Detailed information on the compositionand performance of the Board, the duties of the Board and themanagement, the personnel structure and division of labor withinthe specialized committees, as well as the performance of theindependent directors, can be found in the2023 Annual Report ofSuwen Electric Energy Technology Co., Ltd.
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AppendixRisk Internal Control
Suwen Electric Energy strictly abides by relevant laws and regulations, including theCompany Law of the People's Republic of China, theSecurities Law of the People's Republic of China,theBasic Norms forInternal Control in Enterprises, andthe Guidelines for Application of Internal Control in Enterprises. We have established and refined a working model oriented around risk management and focused on compliancemanagement and supervision. This model is supported by the "three lines of defense" implementation framework of internal control and risk management. We actively construct a seamlessly integrated,synergistic, and efficient system encompassing internal control, risk control and compliance management. We enhance the system of internal control and risk management, continuously strengthening measuresof legal compliance and risk prevention.
Enhancing risk management mechanismFormulating a risk management system
The Company has established a comprehensive and effectivesystem of risk management and internal monitoring, featuringa three-tiered governance mechanism consisting of the Board,the Audit Committee, and the Audit Department. The AuditCommittee, established under the Board, effectively overseesand assesses the performance of risk management at theoperational level, ensuring that overall risks are maintained atan acceptable level. Under the direct guidance of the AuditCommittee, the Audit Department independently conductsinternal audits and inspections in accordance with the law. Itregularly reports to the Audit Committee and safeguards thedevelopment of the Company. Furthermore, we engage anaccounting firm annually to conduct an audit of our internalcontrols, creating a favorable internal environment for riskcontrol and efficient operation.
Taking into account the characteristics of our industry, thecompany has developed institutional guidelines such as theImplementation Rules of the Audit Committee of the Boardof Directors and the Internal Audit Policy.These guidelinesfurther regulate our internal control responsibilities and relatedmanagement processes, ensuring that our risk managementefforts are well-grounded in evidence and follow establishedprocedures. Additionally, at the operational level, we havedeveloped systems such asthe Inventory ManagementPolicy, which details departmental responsibilities andregulates inventory management practices. With such efforts,we ensure asset security and integrity, and supervise thereasonable supply, storage, and economical use of materials,thus preventing financial risks.
Focusing on the three key stages of "pre-event control, in-process supervision, and post-event management", theCompany diligently manages specialized risk assessments,refines work processes, and establishes risk managementledgers to facilitate whole-process risk management. Weconduct internal control audits for responsible marketing,which include reviewing marketing activities, addressingcustomer feedback, and managing non-compliant behaviors.This ensures that our marketing efforts align with regulatoryrequirements and ethical standards.
Implementing whole-process risk management
and control
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Investor Rights Protection
Suwen Electric Energy places a high priority on protecting therights and interests of investors. We strictly comply with relevantlaws and regulations, such as theRules for General Shareholders'Meetings of Listed Companies,theGuidelines for Investor RelationsManagement of Listed Companies, and theRules Governing theListing of Shares on the Shenzhen Stock Exchange.Our Articlesof Association serve as the fundamental code for protecting thelegal rights and interests of our shareholders and creditors, andfor regulating the organization and conduct of the Company. Wehave established specific policies to govern profit distribution,investor relations, and information disclosure, and to stipulatethe calling, holding, deliberating, and voting procedures forshareholder meetings. These measures guarantee investors' rightsto information and participation in significant company matters,effectively safeguarding the legal rights and interests of small andmedium-sized investors.
Beyond establishing governance frameworks, we engage withinvestors through various channels: announcements, shareholdermeetings, investor surveys (including but not limited to telephoneinquiries, email communications, and on-site interactions), andthe CNI interactive Q&A platform. We continually enhance ourinformation disclosure management. In 2023, we issued 117disclosure announcements covering announcements, investorrelations, personnel changes, and more. We are committed todisclosing relevant information truthfully, accurately, completely,promptly, and fairly. Besides, we facilitate investor engagementthrough shareholder meetings, investor briefings, roadshows,analyst conferences, visits and seminars, which allow for adequatecommunication and interaction with investors.
Recognizing the importance of investor returns, the Companybalances economic growth through R&D investments andproduction expansion with a reasonable profit distribution policy.We consistently reward our shareholders with annual dividendscommensurate with our financial performance. Since the Company'slisting, we have distributed a cumulative total of RMB 214 millionin cash dividends to our shareholders. In 2023, we distributedcash dividends totaling RMB 60,015,100 (including taxes),representing 24% of the net profit attributable to shareholders ofthe parent company in 2023. This underscores our commitment tosafeguarding investors' interests.
announcements were issued, including
regular ones and
non-regular ones.
institutional communication meetings were conducted, engaging with1,374investors,a figure that surpasses
% of listed companies in the industry.RMB60,015,100(including taxes) in cash dividends were distributed, accounting for
%of the net profit attributable to shareholders of the parent company in 2023.
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AppendixStrictly Adhering to Business EthicsSuwen Electric Energy strictly adheres to relevant laws andregulations, such as theCivil Code of the People's Republic of China,the Anti-Monopoly Law of the People's Republic of China, and theAnti-Unfair Competition Law of the People's Republic of China.Wehave established internal policies such as theIntegrity ManagementPolicyof the Company, theSelf-Discipline and Professional ConductGuidelines for Employees of the Company, and theCode of Ethicsfor Procurement Personnel. Committed to the principle of integrity inbusiness operations, and aligned with "Suwen's Two Cardinal Rules",we maintain a zero-tolerance approach towards corruption. We refineour business ethics management system, bolster the developmentof a culture of integrity, and clarify expectations for employeesand suppliers. Besides, we vigorously govern areas such as legalcompliance, anti-corruption, fair trade, and workplace ethics. Duringthe reporting period, we conducted specialized anti-corruptiontraining for executives, key personnel, and frontline employees.Furthermore, we organized comprehensive sessions for all employeesto understand the significance of anti-corruption, and the measuresto prevent and the procedures for addressing corruption. Thisapproach aims to elevate the collective awareness of business ethicsamong our staff and promote compliance among our partners,thereby eliminating corruption at its source.
Preventing ethical risks in procurement is a key priority for theCompany. The Company prioritizes suppliers who demonstratecompliance with ethical standards, contribute to environmentalprotection, and uphold employee rights. We strengthen efforts byplatform and business departments to supervise and control businessethics issues during cooperation with suppliers, ensuring all partiesadhere to ethical norms. We have established a whistleblowingmechanism and encourage employees and stakeholders to reportany supplier misconduct, such as corruption or commercial bribery,to facilitate prompt investigation and resolution. During the reportingperiod, no instances of corruption or bribery were identified involvingour suppliers or third-party organizations.
We have also set up petition channels, including telephone andonline platforms, to receive feedback and reports from internal andexternal stakeholders regarding the Company and its employees.The Company emphasizes the protection of whistleblowers' rightsand maintains strict confidentiality throughout the entire petition andreporting process. We are committed to safeguarding the personalinformation and reports of whistleblowers to uphold their legalrights and interests. During the reporting period, the Company hadin any cases involving corruption, bribery, extortion, fraud, or moneylaundering.
Suwen's Two Cardinal RulesCardinal Rule One: Scheme unfairly for a penny,and you are out!Cardinal Rule Two: Backstab others, and you are out!
Company whistleblowing channels
Whistleblowing email: securities@swdnkj.comSupervision phone number: 0519-88821818
Number of attendances in employeeanti-corruption training:
Average duration of anti-corruptiontraining per employee:
hours
Number of attendances indirector anti-corruption training:
Percentage of suppliers signing integrityagreements:
%Number of supplier compliance audits:
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Industrial Synergy for Win-Win OutcomesSupply Chain ManagementSuwen Electric Energy embraces the concept of responsible procurement,advocating a sustainable development model based on win-win cooperation.We have established a procurement system that is standardized, fair,and transparent. At the same time, we actively enhance communicationsand cooperations with suppliers, fostering stable, orderly, and healthyrelationships throughout the supply chain through resource sharing and ahigh level of synergy.
The Company strictly adheres to relevant laws and regulations in China, suchas theTendering and Bidding Law of the People's Republic of Chinaand theRegulations on the Implementation of Tendering and Bidding of the People’sRepublic of China. We have formulated internal policies, includingthe SupplierManagement Regulationsandthe Supplier Development and ManagementProcedures, to regulate the entire process of supplier admission, assessment,and exit. We have established and refined a long-term mechanism forcommunication with suppliers, ensuring high-quality development of the supplychain management system. Together, we aim to build a sustainable supplierecosystem.
Supply Chain Management System
Total Number of Suppliers:
1,045
Proportion of localized procurement:
52.73
%Number of suppliers by region
Jiangsu ProvinceEastern China (except Jiangsu Province)Southern ChinaCentral ChinaNorthern ChinaNortheastern ChinaNorthwestern ChinaSouthwestern ChinaOverseas
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Admission
Exit
Assessment
Evaluation
andFeedback
We have established a supplier performance assessment systemthat regularly monitors and manages suppliers' daily operations.This includes assessing their delivery capabilities, quality control,cost management, and innovation abilities. Timely identificationand resolution of issues ensure the stability and reliability of oursupply chain.
We conduct regular performance evaluations of our suppliers,classifying them into different tiers based on their overallcapabilities and risk assessments. We also provide supplierswith evaluation results and improvement suggestions. Throughevaluation and feedback, we encourage suppliers to improve theirperformance, thereby enhancing the efficiency and quality ofcooperation.
The Company maintains strong and close communication withsuppliers through a diverse range of activities, continually raisingtheir awareness of environmental and social responsibilities, so asto foster a more competitive and responsible supply chain.
We invite suppliers to visit the Company for on-site learning,where we arrange for technical experts to explain our businessrequirements and provide relevant training and guidance.We work side-by-side with suppliers at project sites to addressissues. We collaboratively explore issues and challenges in ourpartnership. And we seek out solutions together.A supplier feedback mechanism has been established toencourage suppliers to provide input and suggestions at anytime. In turn, the Company promptly responds and takesappropriate actions.
We terminate partnerships with suppliers who fail to meet ourrequirements or engage in serious violations. We have clearprocedures for contract termination, liquidation and settlement, toensure a lawful and equitable exit process. In 2023, we suspendedcooperation with one supplier and rejected one potential supplier,both due to non-compliance issues.
We conduct comprehensive due diligence on potential suppliers,assessing their qualifications (including production facilities,machinery equipment, operating personnel, certifications, supplycapability, quality, lead time, prices and other factors). We alsoevaluate their quality management systems, environmentalmanagement systems, and social responsibility practices toensure they meet our basic criteria for cooperation.
Full Lifecycle Management of Suppliers
Facilitating Supplier Growth
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We continually focus on risks related to environmental protection, safety, and occupational health during the onboarding and regularassessments of suppliers. We have established a robust model and mechanism to analyze and assess related risks. For different types ofsuppliers, we conduct in-depth analyses, including risk identification, potential losses, and specific mitigation measures. This approachhelps us create a resilient supply chain, which ensures the quality and safety of raw material supplies while effectively guarding againstpotential risks in the supply chain.
Sustainable Supply Chain
We sign framework agreements with suppliers, clarifying the rights, responsibilities, andexpectations of both parties. This provides a legal basis and recourse in case of any supplierdefaults.
We have established a supervision and inspection team that regularly conducts on-site inspectionsand quality spot checks of suppliers and construction side of contractor, ensuring that theirprojects and services meet our requirements and standards.
We have implemented a risk early warning system to promptly detect and identify potentialsupplier risks, such as quality issues, safety hazards, and project delays. And we take appropriatemeasures to manage and mitigate these risks.Regular compliance audits are conducted to thoroughly inspect and assess suppliers' qualitymanagement, safety practices, and compliance with regulations. Through document reviews, on-site visits and other measures, we ensure that suppliers adhere to all relevant laws, regulations andthe Company's standards.
Number of suppliers that have passed qualitymanagement system certification:
Number of suppliers that have passed OHSmanagement system certification of occupational healthand safety management system:
Number of suppliers that have passed environmentalmanagement system certification:
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In June 2023, Suwen Electric Energyparticipated in the 2023 China (Jiangsu)International Energy Storage Conference(CESC).
In November 2023, Suwen Electric Energyexhibited at the 2023 Shanghai InternationalExhibition on Electric Power Equipment andTechnology.
In February 2023, Jiangsu Sibei'er Haina Energy StorageTechnology Co., Ltd., a subsidiary of Suwen ElectricEnergy, forged a strategic partnership with REPT BATTEROEnergy Co., Ltd. This collaboration aims to achieveindustrial synergies in areas such as battery cells, energystorage, and integrated energy services. Leveragingtheir advantages in resources, capital, technology, andintegrated industrial operations, the two companiesaim to forge a large-scale industrial layout and facilitatesubstantial growth across the industry, various sectors,and individual enterprises.
In August 2023, Suwen Electric Energy was invitedto attend the 2nd China Integrated Energy Servicesand Energy Digitization Conference 2023, where weofficially unveiled our innovative user-side powersystem solution, the "Intelligent Microgrid".
Industry ExchangesDiversified Collaboration
Diversified Collaboration
Adhering to the principles of open collaboration and mutual benefit, we emphasize positive interactions with various industries. We strengthen ourengagement with governments and enterprises at all levels, deepening our cooperation mechanisms with both public and private sectors. Focusingon cutting-edge technologies and industry trends, we work hand-in-hand with our partners to drive high-quality industry development.
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Towards a Brighter Future
Total investment in environmental protection: RMB
18.92
millionTotal charitable donations: RMB
2.4
million
Total hours of employee training:
29,400hours
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Fostering EmployeeGrowth
Cultivating a Diverse and InclusiveWorkplaceSuwen Electric Energy is convinced that the Company's growth istightly linked to the contributions of exceptional talent. Hence, weemphasize the recruitment of diverse talents, actively seeking to attractindividuals with varied expertise, values, and personalities to our team.Our commitment lies in assigning each employee to roles that bestsuit their abilities, enabling them to maximize their unique strengths.Concurrently, the Company is dedicated to fostering a diverse andinclusive workplace culture, establishing an open and democraticplatform for communication, and ensuring an equitable, varied, andharmonious working environment for all. This approach safeguardsevery employee's rights, fuels creativity and potential, and drives theCompany's continuous advancement.
Adhering to a people-centered employment philosophy, Suwen ElectricEnergy prioritizes responsibility, courage, honesty, and trustworthinessas essential criteria for personnel selection. We deeply value andrespect talent, offering a wide and equitable platform for development.Our goal is to encourage employees to fully tap into their potential andcontribute value, achieving shared growth for both the organization andits employees.
Suwen Electric Energy is committed to assembling a team of diverse, exceptional talents, eagerly welcoming ambitious individualsto join us for sustained growth. In our recruitment process, we adhere to the principles of scientific planning, accurate hiring,standardized employment, and equitable evaluation. Aligned with our strategic development goals, we proactively adjust ourorganizational structure and form teams, complemented by the development and launch of a recruitment system that is regularlyupdated to reflect our current needs. We have established a variety of channels for talent recruitment, including partnerships withuniversities, summer internships, campus recruitment drives, social recruitment efforts, and internal referrals, all aimed at attractingtop-notch candidates and enhancing the match between job positions and candidates.Furthermore, we actively collaborate with academic institutions, enhancing our visibility within academic communities by organizingevents like the EEPX Basketball Tournament and offering scholarships. In partnership with Changzhou Vocational Institute ofMechatronic Technology, we launched the "Suwen Electric Energy Order Class," incorporating our internal training into theircurriculum and establishing a dedicated scholarship to nurture professional talent directly. In 2023, the "Suwen Electric EnergyOrder Class" admitted 31 students at Changzhou Vocational Institute of Mechatronic Technology.
Suwen Electric Energy rigorously complies with theCompany Law of the People's Republicof China, the Labor Law of the People's Republic of China, theLabor Contract Law of thePeople's Republic of China, international human rights standards, and local laws and policies.We continually refine our internal management systems, including theEmployee Handbookand the Capability Manual, steadfastly upholding the principles of equality and fairness.Throughout the recruitment process, we apply consistent standards, eliminate biases anddiscrimination, and ensure no candidate is treated unfairly due to age, ethnicity, religion,region, familial status, or gender. We staunchly oppose discrimination based on gender,age, marital status, race, etc. There have been no instances of child labor, forced labor, oremployment discrimination during the reporting period.
Attracting TalentEquitable and Lawful Employment
Recruitment of Diverse Talents
Contract signing rate:
%Total incidents of employeediscrimination:
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30 years old and belowSenior ManagementMaster's/MBA and higher31-50 years oldMiddle Management51 years old and above
18668430
2183
51951
Junior Staff
Bachelor'sMaleFemale
College and below
Total employees:
New hires during the reporting period:
Newly recruited graduates:
Percentage of ethnic minorityemployees:
1.22
%
Percentage of locally recruitedemployees:
33.7
%
Social insurancecoverage rate:
%
Employee turnover rate:
8.5
%
By GenderBy Age By Employee LevelBy Educational Background
Suwen Electric Energy is dedicated to ensuring equal employmentopportunities for our female staff, reinforcing the safeguarding ofwomen's labor rights. This commitment encompasses equitable pay,comprehensive benefits, and the eradication of economic disparitiesacross genders and job roles. We have instituted specific contractualprotections for female employees, a thorough welfare system, andupholding of women's rights from the onset of their employment.The Company provides fair training opportunities for female staff,advocates for the enhancement and broadening of their skills, andsupports the growth of their leadership capabilities. Capable femaleemployees are assured active roles in corporate governance anddecision-making, thus contributing to the Company's inclusive growth.We place great importance on the security and well-being of ourfemale employees. We offer robust labor protections, including bothlegal and supplementary company provisions during pregnancy,childbirth, and lactation, accompanied by appropriate welfare benefits.Our female staff are entitled to rights such as leave for prenatalexams, maternity leave, modified work schedules during pregnancy,and support during childbirth and nursing. Furthermore, we celebratethe occasion of childbirth with special gifts for the new parents.
Fostering Diversity and Inclusion
Percentage of female leadersin the management team:
14.74
%Percentage of femaleemployees in managementreserve talent pool:
33.3
%
Percentage of femaleemployees in non-production roles:
%
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Democratic ManagementSuwen Electric Energy abides by theEnterprise Democratic Management Regulations,establishes a labor union, and drafts theFactory Affairs Disclosure System ImplementationRulesand theEmployee Representative Congress System. These initiatives improve thetransparency and efficacy of our factory affairs disclosure and invigorate democraticmanagement. Employees are actively involved in corporate governance and thecultivation of harmonious labor relations. Annually, our union's working committeegathers department representatives for collective bargaining. Led by the union chair, thecommittee and employee representatives engage in dialogue with the Human ResourcesDepartment to negotiate forthcoming collective agreements and specific protectioncontracts for female employees, ensuring that all staff members' rights and interests arefair and legitimate, fostering harmonious labor relations.
Multiple Communication Channel
Factory Affairs Disclosure
We ensure all employees are well-informed by consistentlyupdating and disseminating information about company operations,management policies, personnel changes, and employee benefitsthrough our factory affairs disclosure system.Employee MeetingsWe schedule regular union committee gatherings and at least oneemployee congress per year to communicate the union's annual reviewand future plans. Employees have the opportunity to assess and voteon welfare policies, systems, and collective agreements.Complaint Channel
A union working group is established to address employee feedback,and a suggestion box is maintained at the employee center for regularreview.The Human Resources Department designates specialists to overseeemployee grievances and provides a variety of accessible reportingchannels—oral, written, and digital—while ensuring the confidentialityand privacy of the complainants. The HR team promptly addressesthese concerns, offering resolutions and aid in problem-solving, thusreinforcing trust within the organization.
Communication and Appeals
Suwen Electric Energy offers multiple channels for employee grievances and feedback,placing high value on the swift addressal of their concerns. We host an annual employeerepresentative congress where delegates deliberate on the Company's progression,key operational decisions, review and approve important resolutions regarding wagedistribution, occupational safety, and labor protection, alongside appropriate insightsand suggestions. Additionally, the union proactively hears out employees, manages laborrelations, upholds legal rights, and conducts annual satisfaction surveys.
Encouraging Employee Participation and Communication
Employee satisfaction rate:
%
Percentage of employeescovered by trade union/collectivebargaining agreements:
%
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Elite Tier
EdisonAcademy
Faraday Academy
Hertz Academy
Advanced Tier
Basic Tier
Slogan：Master Technology, Lead the Way
Slogan：Lead with Courage, Take Responsibility
Slogan：Build a Strong Foundation, Achieve Competence
Target：Employees at D6 level and below
Target：Employees at D4 level and below
Focus：Faraday courses + Faraday actions
Focus：Hertz courses + Golden Seedling Plan
Target：Employees at D7 level and aboveFocus：Leadership projects
Suwen Electric Energy's Three-Tiered Academy Training System
Supporting Talent DevelopmentSuwen Electric Energy views talent development as a vital component of its sustainable growth strategy. We have refined ascientifically robust talent management framework, established a stratified training regime, cultivated a talent repository, andintroduced an effective talent advancement protocol, alongside a fluid internal career progression system. Such measures continuallyinvigorate employee innovation and creativity, fortify their all-around competencies, and facilitate the harnessing of internal talent forthe benefit of the enterprise.Suwen Electric Energy has developed anEmployee Training Management Systemto encourage staff to enhance their skills. With programstailored to individual career aspirations and interests, the Company offers comprehensive, multi-tiered guidance and training to support thecareer development of its employees. A three-tiered academy training system is in place, blending online and offline methods to providetargeted training for employees at different levels.
Employee Training
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Offline, we curate specific training content for diverse employee groups, facilitating the rapid integration of new employees into theCompany's operational systems. Moreover, we enhance leadership skills among relevant staff, and provide specialized courses for keypositions to strengthen the Company's competitive edge. Additionally, we actively engage with external institutions to deliver comprehensiveprofessional training across all categories of employees. During the reporting period, 219 internal training sessions were conducted,involving 3,282 participations, and 806 individuals participated in external training programs.
NewEmployee
Training
Leadership
Training
Professional
SkillTraining
Specialized training on "Supervisor Four-Wheel Drive Method";
Training on "Ten Billion Journey";Specialized training on "Effective Productivity";External training programs, including EMBA, Dark
Horse, Huawei, and Alibaba courses.Courses on "Operational Skills";
Customized training and development plans are crafted for every new employee, based on their specificroles and capabilities, ensuring a comprehensive and systematic educational experience.New employees recruited through social channels receive a week of onboarding training, while those hiredthrough campus recruitment are enrolled in a one-year Golden Seedling training camp.
The "Magic Academy" online platform offers 193 courses, including topics on finance, initiative, safetyeducation, and professional skills, all available for company-wide online learning and testing.External experts are invited to conduct "Effective Communication Training", "5S Precision ManagementTraining", etc.Competitions such as the "100-Day Technical Challenge" and "Professional Skills PK Contest" are organizedto promote learning through competition and enhance skills.
Main ContentTraining Categories
Total courses on the platform:
, comprising
professional and
general courses
Number of total attendances:
40,134
Total hours of learning online:
38,164
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Supervisory Four-Wheel Drive Learning Camp
100-Day Technical Challenge
Golden Seedling Plan: A one-year training program fornew employees
2023 Ten Billion Journey - Head Wolf Plan: Developjunior supervisors among standout employees underthe age of 30
Training coverage rate by gender
Training coverage rate by employee level
Average training hours peremployee by gender
Average training hours peremployee by employee level
%%%
%%HoursHoursHoursHoursHours
Male100
FemaleSenior managementMiddle management
Junior staffMale
FemaleSenior managementMiddle managementJunior staff
Indicators
Unit2023
Total investment in employee training:
RMB
1.174
millionAverage investment per employeefor training:
RMB1,200
Total number of trainingattendances:
4,108
Employee training coverage rate:
%
Average training hours per employee:
Total hours of employee training:
29,400
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Career Development
Managerial Track：
This track includes six levels, from M0to M5, aimed at nurturing growth within management teamsand progression towards executive roles.
Technical Track：
Comprising eleven levels from D1 to D11,the Company conducts annual evaluations of employees'skills, performance, and development, facilitatingadvancement in skill level and position.
Employee Development
Suwen Electric Energy has adopted a thorough and competitivecompensation scheme, crafted to maximize the motivational,rewarding, and incentivizing potential of the pay system. Adheringto the principle of remuneration based on contribution, the schemeharmonizes incentives with accountability, sparking enthusiasm forwork, learning, and business startups among employees.The compensation structure is categorized into three types: anannual salary reflecting the Company's financial performance, aperformance wage system tied to annual and monthly results, anda base salary supplemented by performance bonuses relevantto the position. Pay distribution is grounded in principles of faircompensation and merit-based remuneration, covering basic salary,role-specific salary, bonuses, year-end incentives, and housingbenefits, with performance bonuses awarded based on work resultsand achievements. Since 2021, the Company has introduced anemployee stock option scheme, mainly focusing on managers andkey technical personnel.An efficient performance complaint and feedback mechanism is inplace, enabling direct employee feedback on assessments throughthe OA system. The HR liaison framework ensures that employeesacross departments have avenues for conveying their feedbackto the HR division, augmented by the "HR Director's Direct Line"for seamless communication of grievances and suggestions to theupper management.
Suwen Electric Energy has launched an online talent repositoryfor multi-faceted analysis of employee data, encompassing basicinformation, training history, job capabilities, position grades,and quarterly reviews. This holistic strategy guides employees innavigating their career trajectories and aids the Company in itsstrategic human resources planning, fostering simultaneous growthfor both the enterprise and its workforce. We've established twoprincipal advancement tracks: managerial and technical, enablingemployees to progress based on their interests and competencies,thus supporting their professional growth.Educational and Qualification Support
Suwen Electric Energy enforces a policy of continuous professional knowledge enhancement for all staff, promoting self-directedlearning or relevant professional training during personal time. Exceptional learners who significantly contribute to the Company'sfinancial success are recognized and rewarded materially, including through salary increases and promotions.Moreover, the Company offers support for further education and certification training, providing resources, funding, and timing forprofessional certification endeavors, and incentives upon certification completion. In partnership with institutions such as ChangzhouChang'an Training and Nanjing Anfang Training, we assist employees in obtaining skill certification, offering paid training leave andexpense reimbursement. Support for academic progression includes paid study leave and cost reimbursement for programs like on-the-job postgraduate studies and degree upgrade programs in collaboration with Changzhou University.
Compensation and Incentives
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Accredited by the GB/T 45001-2020 (OHSAS 45001:2018)Occupational Health and Safety Management SystemCertified by the Health, Safety, and Environment (HSE)Management System
Eliminate minor and serious personal injuries.Avert equipment power outages attributable to staff errors.Avoid equipment damage attributable to staff errors.Prevent traffic incidents of equal or greater fault.Obviate fire-related accidents.
Health and Safety Goals
Occupational Health and Safety
Prioritizing our employees' health and safety, we enforce a safety accountability system, pinpoint occupational health risks, and perpetually enhance our occupational health and safety management practices toutmostly safeguard employee well-being and operational safety.Health and Safety System
Suwen Electric Energy strictly complies with theProduction Safety Law of the People'sRepublic of China, Safety Supervision and Management Regulations for Electric PowerConstruction Projects, Safety Production Management Regulations for ConstructionProjects, Occupational Disease Prevention and Control Law of the People's Republic ofChina,among other pertinent legislations and regulations in our operational conduct. Wehave devisedSafety Production Management Regulationsand update them annually, withthe 2023 revision focusing on safety management organizational structure, constructionworkflows, safety obligations, and introducing new guidelines on subcontractor safety andlifting operations safety management. In 2023, the Company recorded no safety incidentsor received any administrative penalties for safety violations.A participatory process for employee involvement and consultation has been established,starting with offline discussions among key personnel for initial drafting of the safetymanagement system, followed by its online publication to solicit broad employee input,aiming for continuous refinement of our health and safety framework.
Safety production investment:
RMB
3.76
millionSafety training coverage rate:
%, with 90
traininghours and
attendances
All safety productiongoals in 2023beenachieved
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Health and Safety Organizational Framework
Suwen Electric Energy has instituted a Safety Management Committee to significantly enhance the Company's safety managementprotocols. Led by the Company's Chairman, this framework encompasses a three-tier safety production responsibility managementsystem, a dynamic mechanism for evaluating safety responsibilities, and a process for developing and affirming safety competencies. Itspecifies the duties, scope, and evaluation criteria for various roles, introducing an external checklist to apply pressure on the system andensure that all responsible parties adhere to their safety obligations. This approach is supported by policies such as theSafety ProductionRewards and Penalties and 6S Management Standards.
Health and Safety Culture
Suwen Electric Energy consistently conducts safety training andeducational programs for its employees to bolster safety awarenessacross the board. A safety performance record for each employeeis maintained to track and evaluate their safety practices. Thiscomprehensive safety training encompasses all employees andsuppliers. The Company has dedicated areas for showcasing safetyculture and exemplary safety performances. Safety culture is furtherpromoted through banners, display stands, and videos duringsignificant times such as the start of the year, Safety ProductionMonth in June, and Fire Safety Month in November, fostering a strongsafety mindset among all employees.Three-Tier Safety Production Responsibility Management System
CorporateLevel
The General Manager, serving as the chief responsible officer, is charged with:
Regularly participating in Safety Committee sessions and essential personnel training, assessing theCompany's safety landscape, and prioritizing safety initiatives.Endorsing and implementing the Company's safety protocols, reward and penalty schemes, and protocolsfor handling accidents.Each department head, acting as the foremost responsible officer within their department, is tasked with:
Consistently attending Safety Committee meetings and undergoing safety management training,evaluating the department's safety conditions, and outlining pivotal safety tasks.Guaranteeing adherence to the Company's established safety measures.Conducting routine safety audits within the department and enacting remedial actions for anydiscrepancies identified.Team leaders or managers, as the primary responsible figures at this level, are accountable for:
Direct oversight of construction workers.Facilitating training on safety and construction regulations and ensuring compliance.Supervising and implementing safety protocols at the construction or production sites.
Departmental
Level
Team Level
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Firefighting Exercises
Health and Safety Emergency ResponseThe Company annually updates and refines its emergency management documents, includingHazardIdentification, Classification, Risk Evaluation, and Grading, Specific Emergency Response Plan, andComprehensive Emergency Response Plan. Prior to and following major holidays, essential personnel inproduction and construction undergo drills for electric shock prevention, including emergency response andCPR. In June, a fire evacuation drill was conducted company-wide, and in November, safety officers fromdifferent departments participated in firefighting exercises.
Safety Learning WeekCaseOn January 30, 2023, Suwen Electric Energy launched a "Safety Learning Week,"coinciding with the annual Safety Management Committee meeting. New safetytargets for 2023 were established, alongsideSafety Production Goal ResponsibilityAgreementsigned with key company members. The event featured visits to safetywarning displays, specialized CPR training post-electrocution, and a comprehensivesafety knowledge examination for frontline production and construction teams,substantially raising safety awareness throughout the organization.
Safety production accidents:
, with
fatality due to work and
day lost to work-related injuries.Emergency management exercises:
times, with
attendances involved.
Safety Skills Training (CPR)
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EEPX 16th Anniversary Run1024 Programmer's DayWelcome Party
StatutoryBenefits
Boosting Employee Well-BeingSuwen Electric Energy prioritizes the physical and mental well-being of its employees, dedicating itself to fostering a work andlife environment that is both comfortable and joyful. The Companyvigorously organizes a broad array of employee activities toenhance team cohesion and a sense of belonging among staff.
Social insurance, housing provident fund, statutory holidays, and high-temperature allowances.
UniversalBenefits
Catering allowances, summer welfare, holiday bonuses, birthday gifts, communicationallowances, International Women's Day bonuses, congratulatory gifts for children's educationalachievements, wedding gifts, maternity gifts and allowances, condolence allowances, healthscreenings, a monthly book, and comprehensive commercial insurance.
IncentiveBenefits
Transportation allowances, vehicle maintenance and repair allowances, housing allowances, paidannual leave bonuses, and funding for team-building activities.
Enriching Employee Experiences
Improving Employee BenefitsBeyond salary and wages, the Company has instituted a thoroughbenefits system, divided into statutory benefits, universal benefits,and incentive benefits.
Suwen Electric Energy promotes a work-life balance by actively arranging a variety of employee engagements. These initiatives aim to harmonize relaxation with work, substantially elevating employee happinessand satisfaction levels.
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Accredited by the ISO 14001Environmental Management System
Advancing Environmental Management
Environmental Management System
In response to national initiatives for green, low-carbondevelopment, Suwen Electric Energy rigorously adheresto environmental protection laws and regulations suchas theEnvironmental Protection Law of the People'sRepublic of China, Emergency Management Regulationsfor Environmental Incidents, and Environmental ImpactAssessment Law of the People's Republic of China. We haveestablished internal protocols including theEnvironmentalProtection Management Regulations and Regulationsfor Safe and Civilized Construction and EnvironmentalProtection, creating a structured environmental managementorganization with defined responsibilities. By definingthe policies, approaches and principles of environmentalprotection efforts, our commitment is to develop a resource-efficient and eco-friendly enterprise, contributing to theharmonious advancement of both the Company and society.
Green development is the foundation of sustainable growth.Embracing a sustainable operational philosophy, we embedeco-centric principles in all business activities, focusingon energy and resource conservation while minimizingemissions and waste. Our objective is to achieve a balancedsynergy among economic, social, and environmental benefits.Additionally, we actively foster green office practices andenhance environmental consciousness among our employees.
Environmental Protection Policies
Advocating for comprehensive planning, rationaldeployment, integrated resource utilization, transformingwaste into resources, regulatory compliance, cleanproduction, and fostering an ecological business modelon a sustainable development path.Environmental Protection ApproachesIntegrating technical with economic management,combining specialized with participatory management,and aligning technological innovation with upgrades.Environmental Protection Principles
Emphasizing prevention, giving equal importance toplanning and remediation.
Environmental protection investment:
RMB
18.92
million
Environmental Management Organizational Framework
Environmental Management Training
An Environmental Protection Committee has been formed, chaired by theGeneral Manager and the Production Manager serving as the deputy director,with department managers as members. This committee spearheads theimplementation of national, provincial, and municipal environmental protectionpolicies, laws, regulations, and directives. By planning, arranging, inspecting,summarizing, and evaluating environmental protection efforts, it strategizeson significant environmental initiatives and activities across the Company. TheAdministrative Department is tasked with the primary roles of environmentalmanagement and monitoring, with each department manager being responsiblefor environmental protection within their areas, supported by environmentaladministrators to carry out related tasks.The Company actively engages in various promotional activities for environmentalprotection, urging employees to comply with environmental policies, cultivatingenvironmental consciousness, reinforcing environmental norms, and instilling astrong sense of responsibility towards environmental conservation. Environmentalmanagement personnel regularly participate in specialized seminars andtraining sessions to adopt advanced technologies and share best practices inenvironmental management.Environmental Risk Management
A procedure has been developed to thoroughly identify and assess environmentalfactors and hazard sources, titledProcedure for Identifying EnvironmentalFactors, Hazard Sources, and Related Risk Controls. This entails a comprehensiveevaluation of environmental factors and major risks to mitigate existing andpotential significant environmental impacts. The scope of identificationencompasses all processes, activities, and sites involved in the Company'soffices, field designs, and systems, applying various control methods to managesignificant environmental factors and risks deemed unacceptable.
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In response to the global climate crisis, Suwen Electric Energy capitalizes on its strengths as an one-stopelectric energy service provider, proactively aligning its business growth with national objectives for carbonemission peaks and neutrality. The Company aids other businesses in their shift towards sustainable energysolutions. Emphasizing energy efficiency and reduced consumption, Suwen Electric Energy strictly adheresto regulations such as theEnergy Conservation Law of the People's Republic of China and the CleanerProduction Promotion Law of the People's Republic of China, consistently enhancing its environmentalmanagement practices to mitigate its environmental footprint and combat climate change.
Tackling Climate Change
The Company establishes annual indicators and plans for energy efficiency andconsumption reduction. Leveraging its analytical capabilities, energy-saving periodsare designated for critical equipment to curtail grid electricity usage. Key devices areintegrated with the EEPX cloud platform via IoT technology for continuous monitoring,data gathering, and sophisticated analysis.Departments are mandated to perform round-the-clock inspections of their domains andinfrastructure, ensuring judicious use of electrical devices at work sites, including promptactivation upon usage and shutdown post-use. Air conditioning systems are programmedfor automatic shutoff, stipulating a minimum and maximum temperature for summer andwinter, respectively.
The technical upgrading of electric devices is prioritized, with a focus on phasing outand retrofitting energy-intensive processes and machinery. Industrial sodium lamps inworkshops are replaced with LED energy-efficient lighting, yielding an annual electricitysaving of 4.8 MWh.
The Company champions energy conservation and emission reduction efforts, motivatingemployees to engage with green office practices and energy-saving policies, thuscultivating a culture of prudent energy use and conservation.
Photovoltaic power station layouts are optimized, with enhancements in systemoperational management and scheduling. Regular maintenance of photovoltaic panels,adoption of solar tracking technology, improvement of photovoltaic module conversionefficiency, and utilization of high-performance conversion methods collectively elevate theefficiency and output of photovoltaic power generation, reducing energy wastage.Distributed energy storage technologies are advocated for, with improvements in thescheduling of storage systems and expansion of their application scope. This enhancessystem efficiency, fostering effective energy utilization and emission mitigation.
Strategies for Energy Conservation and Emission Reduction
EnergyConsumption
GasolineExternally Sourced Electricity
Total Energy ConsumptionEnergy Consumption Intensity
Total Greenhouse Gas EmissionsGreenhouse Gas Emission Intensity
Direct Greenhouse Gas Emissions
(Scope 1)Indirect Greenhouse Gas Emissions
(Scope 2)
10,000 Liters
Tons of CO
EquivalentTons of CO
EquivalentTons of CO
EquivalentTons of CO
Equivalent/RMB 10,000 Revenue
Tons of Standard CoalKilowatt-hours(x10,000)Tons of Standard Coal /RMB 10,000 Revenue
398.30
4,479.17
0.017
8,936.92
729.47
9,666.39
0.036
Greenhouse GasEmissions
127.91
IndicatorsUnit2023
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Electricity ConsumptionOverview
2023
Total Externally Sourced
ElectricityTotal Photovoltaic Generation
Self-used ElectricityTotal Charged into StorageTotal Discharged fromStorage
Surplus Electricity Returned
to Grid
1,056,400 kWh1,324,700 kWh809,600 kWh515,000 kWh51,400 kWh51,400 kWh
Fostering "Zero Carbon" Parks
Suwen Electric Energy is committed to national and local low-carbon development policies, contributing to global climate solutionsthrough energy structure optimization and relentless energy-saving and emission reduction initiatives. The Company harmonizes variousenergy sources like grid electricity, solar, and promote the achievement of park-wide zero carbon emissions.In 2023, the Company's green energy infrastructure was upgraded, moving away from the previous model of exporting surplusphotovoltaic energy to the grid. Adjustments in energy storage EMS strategies prioritized photovoltaic charging for storage systems,employing demand response strategies to boost photovoltaic utilization and lower energy expenses. The "Zero Carbon Park" initiativegenerated an estimated 1,324,700 kWh in 2023, cutting CO
emissions by roughly 745.19 tons. Furthermore, the park embarked on a novelintegrated solar storage charging project, constructing photovoltaic carports, storage cabins, and AC/DC charging stations as part of itsenergy-saving infrastructure. Upon completion, the project is anticipated to replace 167.232 MWh of externally sourced electricity eachyear, propelling the park's zero-carbon journey forward.
Water Resource Management
Our business operations moderately rely on water resources, primarily for industrial cooling, cleaning,and domestic purposes during research, development, and production phases. Nonetheless, resourceconservation is considered a responsibility for every member of the corporation. We rigorously applylaws and regulations such as theWater Law of the People's Republic of China, responsibly managingwater use through policies and improvements in equipment and processes to prevent evaporating,emitting, dripping, and leaking. We continually promote water conservation awareness amongemployees to ensure sustainable water use. The water utilized in our production and operations issourced entirely from municipal supplies, eliminating risks associated with water sourcing and use.
Suwen Electric Energy commits to implementing environmental protection measures across all production and operational stages.Through strict policy enforcement and promoting awareness, the Company consistently improves its water resource use and wastedischarge management. It prioritizes proper waste storage, disposal, and recycling, aiming to reduce the generation of wastewater andsolid waste, thus significantly lowering the environmental impact of its business operations. In 2023, the Company achieved compliancewith all environmental protection regulations without any violations.
Mitigating Environmental Impact
Total Water Consumption:
22,901tons
Water intensity:
0.085
tons/ RMB 10,000 Revenue
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Hazardous Waste
Non-hazardous Waste
Emissions of cooking fumes from staff canteens.WastewaterExhaust Gases
SolidWaste
CategoriesSourcesTreatment Methods
The discharge of domestic wastewater from company offices and
staff canteens.
Wastewater is discharged into the municipal sewage system through acentralized process.Kitchen cooking areas are fitted with extraction hoods to filter out cookingfumes, which are then expelled through a vertical duct to the rooftop.In partnership with professional solid waste management firms, recyclingand reuse systems are established. Solid waste that cannot be recycled issorted and taken to designated recycling facilities for processing by certifiedcompanies.Central collection points for hazardous waste are established, and specializedcompanies are tasked with their unified collection and disposal.
Construction debris, insulation materials, cable remnants,
cardboard packaging, metal offcuts, waste paper from offices, and
kitchen refuse, among others.
Used toner cartridges and discarded personal protective
equipment.
Emission ManagementOperating in the electric power service sector, which is predominantly labor-intensive, the Company does notfall under the category of a significant pollutant discharger. Our daily emissions include domestic wastewater,exhaust gases, general waste, and canteen-generated kitchen waste, all managed in compliance with the requiredpollution discharge permits. Proactively addressing national initiatives for waste reduction, we strictly follow lawsand regulations like theLaw of the People's Republic of China on the Prevention and Control of AtmosphericPollution, Water Pollution Prevention and Control Law, and Law of the People's Republic of China on the Preventionand Control of Environmental Pollution by Solid Waste,in addition to local emission standards. OurEnvironmentalProtection Management Regulationsspecify measures for controlling emissions of wastewater, exhaust gases, andsolid waste, ensuring tight control over emissions in production, manufacturing, and construction activities.
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The Company embeds ecological protection into the design,construction, and operational phases of its projects. During theplanning and building stages, considerable attention is paid topreserving the ecology of the construction site, evaluating potentialenvironmental impacts on water, air, soil, and natural resources. Theoperation of environmental protection facilities and the environmentalfootprint of construction projects undergo monitoring during theirtrial operation phase.
Enhancing Ecological Protection
Emphasize and guarantee that the construction of environmental facilities adheres to national standardsand guidelines.Implement clean production techniques in industrial projects to minimize consumption of energyand reduce pollution, utilizing natural resources rationally to prevent environmental and ecologicaldegradation.Planning & DesignPhase
Construction
Phase
Improve management of construction sites to lessen dust, noise, and other forms of pollution.Make prudent use of water resources to decrease the amount of water used in construction.Intensify the management of solid waste to avoid causing secondary environmental pollution.
Completion
Phase
Undertake landscaping in accordance with local ecological and environmental characteristics, introducingplants suited to the local environment to maximize green space.Following project completion, apply for acceptance inspections of the environmental protectionfacilities with the environmental regulatory authorities that reviewed the environmental impact reports,statements, or registration forms.
Operational
Phase
Employ environmentally friendly equipment and technologies to cut down on emissions of exhaust gasesand wastewater.Bolster the treatment and disposal of solid waste to avert secondary environmental harm.Undertake additional greening initiatives and other actions to improve the quality of the surroundingenvironment.
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EEPX 16th Anniversary Charity Initiative
The Company initiated the "Grape of Love"charity campaign.
The Company conducted the "ComfortingSanitation Angels" program.
The Company donated RMB 100,000 in scholarships and 500books to Lihe Experimental School.
The Company donated another RMB 100,000 toXihu Subdistrict to assist disadvantaged families inthe district.
The Company delivered welfare supplies to 200needy families in Xihu Subdistrict.
The Company contributed RMB 100,000 topublic health in Xihu Subdistrict and formed a37-member volunteer team to aid in health andprevention measures.2018
2019
2020
2021
2022
2023
Contributing to Society
Public Welfare and Charitable ActivitiesIn its pursuit of growth, Suwen Electric Energy consistently upholds its social responsibilities, seeking out philanthropic models that resonatewith modern social progress. Since 2018, the Company has redefined its anniversary celebrations as charitable events, annually marking SuwenElectric Energy's milestone through philanthropy, demonstrating its commitment to making a positive impact on the world with energy.
Suwen Electric Energy actively participates in community activities, integrating corporate development with social responsibility. The Companyleverages its developmental success to enhance public welfare, thereby embodying its dedication to societal contribution.
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Volunteer activity on the Tree Planting Day
Volunteer Activities
Suwen Electric Energy proactively assumes corporate responsibility,motivating its employees to undertake voluntary service to the extentpossible, thereby conveying positive societal energy, contributing tocharitable causes, and fostering a better community. In March 2023,the Company hosted the "Anticipating a Beautiful Planting" tree-planting volunteer event near its premises, encouraging employees toactively participate and appreciate the importance of environmentalbeautification and the joy of labor. This initiative promotedenvironmental awareness, increased community involvement in localenvironmental conservation, and significantly improved the livingconditions in the nearby communities and surrounding areas.
Furthermore, Suwen Electric Energy champions the growth of national educational landscape, actively engaging in efforts to "Enhance theConstruction of an Educational Powerhouse." Through establishment of the EEPX Hualuogeng High School Education Development Fund,the West Taihu Lake Ten Million Education Development Fund, and the Changzhou Education Development Foundation, the Companyconcretely supports educational advancements, nurturing exceptional talent, and fostering societal progress.
In March 2023, to further educational progress and high-quality development at Hualuogeng Senior High School, Suwen ElectricEnergy launched the "EEPX Hualuogeng High School Education Development Fund." With a commitment of RMB 10 million,providing at least RMB 1 million annually, the fund supports exemplary students, staff, and those making significant contributions tothe school's growth. This initiative celebrates Hua Luogeng's legacy, motivating continuous educational excellence and contributingto the nation's development of leading innovators.
EEPX Hualuogeng High School Education Development FundCase
In 2023, Suwen Electric Energy established the "West Taihu Lake Ten Million Education Development Fund," in collaboration withthe People's Government of Wujin District and community stakeholders, to nurture and support the flourishing of philanthropicenterprises. The fund plans to distribute RMB 10 million over a decade, with an initial annual contribution of RMB 1 million. Theaim is to benefit public welfare projects and activities, promoting regional progress, and laying a foundation for sustainable localeconomic and social development.
West Taihu Lake Ten Million Education Development FundCase
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AppendixKey Performance Indicator TableIndicatorsUnit2023Total AssetsRMB 10,000486,994.73Operating RevenueRMB 10,000269,435.54Total Tax PaymentRMB 10,0007,808.35Net Profit RMB 10,0007,959.63R&D InvestmentRMB 10,0009,802.26R&D Investment as a Percentage of Operating Revenue%3.64%Number of R&D StaffPersons328Customer Satisfaction Rate%100%Number of Customer ComplaintsCases0Incidents of Information Security Breaches and DataLeaks
Cases0Total Number of SuppliersNumbers1,045Contract Signing Rate%100%Social Insurance Coverage Rate%100%Total Incidents of Employee Discrimination 件0Total Employee CountPersons980New Hires During the reporting periodPersons198Employee Turnover Rate%8.5%Percentage of Employees Covered by Union/CollectiveBargaining Agreements
%100%Employee Satisfaction Rate%95%Total Hours of Employee TrainingHours 38,164
IndicatorsUnit2023Employee Training Coverage Rate%100%Safety Production InvestmentRMB 10,000376Annual Safety Production AccidentsCases0Environmental Protection InvestmentRMB 10,0001,891.77Gasoline Consumption 10,000 Liters 398.30Externally Sourced Electricity
Kilowatt-hours(x10,000)
127.91
Total Photovoltaic Generation
Kilowatt-hours(x10,000)
1,311.15Total Energy Consumption
Tons of StandardCoal
4,479.17Energy Consumption Intensity
Tons of StandardCoal /RMB 10,000Revenue
0.017
Direct Greenhouse Gas Emissions (Scope 1)
Tons of CO
Equivalent
8,936.92Indirect Greenhouse Gas Emissions (Scope 2)
Tons of CO
Equivalent
729.47
Total Greenhouse Gas Emissions
Tons of CO
Equivalent
9,666.39Greenhouse Gas Emission Intensity
Tons of CO
Equivalent /RMB10,000 Revenue
0.036
Total Water ConsumptionTons22,901Total Charitable DonationsRMB 10,000240
Chairman
About SuwenElectric Energy
Our Performance
in 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
Reporting frameworkGRI Standards 2021 (Reference Scheme)Message from the Chairman2-22/2-23About Suwen Electric Energy2-1/2-2/2-4/2-6/2-16/2-28/201-1Our Performance in 2023201-1/203-1/205-2/405-1ESG Management2-16/2-29/3-1/3-2/3-3Sharing Superior Electric EnergyEmpowering Green and Intelligent Transformation302-4/302-5/305-5Deepening Technological Innovation2-6/2-27Adhering to Quality First2-25/2-27/3-2/419-1Delivering Professional Customer Service2-27/417-1/417-2/417-3/418-1Striving for More Robust Development TogetherStrengthening the Foundation and Forging the Soulthrough Party Building
—Strengthening Corporate Governance2-9/2-10/2-12/2-15/2-27/405-1Strictly Adhering to Business Ethics2-27/3-2/205-1/205-2/205-3/206-1Industrial Synergy for Win-Win Outcomes2-6/3-2/204/308-1/414-1/414-2
Reporting frameworkGRI Standards 2021 (Reference Scheme)
Towards a Brighter FutureFostering Employee Growth
2-7/2-19/2-27/2-29/201-3/3-2/401-1/401-2/401-3/403-2/403-3/403-6/403-7/404-1/404-2/405-1/406-1/408-1/409-1Advancing Environmental Management
2-27/302-1/302-3/302-4/302-5/303-5/305-1/305-2/305-4/305-5/306-2Contributing to Society3-2/203-1/203-2/415-1SppendixKey Performance Indicator Table
302-1/302-3/303-3/305-1/305-2/305-3/305-4/401-1/403-9Indicator index table—About This Report2-2/2-3Feedback Form—
GRl Content Index
Chairman
About SuwenElectric Energy
Our Performance
in 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a BrighterFutureESG Managemen
Appendix
This report is the second social Environmental, Social, and Governance (ESG) report issuedby Suwen Electric Energy Technology Co., Ltd.Definition of Terms: For ease of expression and readability, "Suwen Electric EnergyTechnology Co., Ltd." is also referred to as "Suwen Electric Energy," "the Company," or "we"in this report.Time Range: The reporting period covers from January 1, 2023, to December 31, 2023, with
some content extending appropriately to previous and subsequent years. This report is anannual report, with the previous report published in April 2023.Reporting Scope: The report focuses on disclosing information and key performanceindicators regarding the economic, social, and environmental responsibilities of SuwenElectric Energy and its wholly-owned and holding subsidiaries in 2023.Objective of the Report: With transparency and sincerity, the Company communicates itsphilosophy, practices, and key performances in sustainable development to its stakeholders,fully addressing their significant concerns.Assurance of Reliability: The Company assures that there are no false records, misleadingstatements, or significant omissions in this report and takes full responsibility for thetruthfulness, accuracy, and completeness of its contents.Source of Information: All information and data used in the report are derived fromthe Company’s official documents, statistical and financial reports, and information
on sustainable development practices compiled and audited by the Company's SocialResponsibility Department. Unless otherwise specified, all monetary amounts in this reportare presented in RMB.Reporting Principles: This report has been compiled according to the GRI Standards by theGlobal Sustainability Standards Board, theShenzhen Stock Exchange Social ResponsibilityInstructions to Listed Companiesissued by the Shenzhen Stock Exchange, theEnvironmental,Social, and Governance Reporting Guideby the Stock Exchange of Hong Kong, the nationalstandard Guidance on Social Responsibility Reporting (GB/T36001-2015), and the UnitedNations Sustainable Development Goals (SDGs).
Preparation Process: Develop the preparation plan → Assemble the drafting team → Identifystakeholders and significant issues → Determine the reporting framework → Write, revise,and refine the report → Review by company leadership → Report publication → Collectfeedback for continuous improvement.Accessing the Report: The report in PDF format is available for download from the SuwenElectric Energy official website at www.swdnkj.com. We welcome and value your feedbackto help us improve our reporting process. If you have any questions or suggestions about thereport, please email securities@swdnkj.com or call 0519-69897107.
About This Report
Chairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a Brighter
FutureESG Managemen
Appendix
Feedback FormDear Valued Reader,Greetings!We appreciate you taking the time to read the Suwen Electric Energy Technology Co., Ltd. 2023 Environmental, Social, and Governance (ESG) Report. Your feedback is crucial to us, as it enables usto enhance our ESG management and implementation. We kindly ask you to share your thoughts, suggestions, and feedback on this report, allowing us to make continuous improvements. You arewelcome to complete the following form and send it back to us either by email or by mail.
1. How would you rate the report overall?
?Excellent?Good?Average?Below Average?Poor
2. How do you rate the quality of ESG information revealed in the
report??Excellent?Good?Average?Below Average?Poor
3.How would you assess the organization of the report?
?Excellent?Good?Average?Below Average?Poor
4. What is your opinion on the design and format of the report?
?Excellent?Good?Average?Below Average?Poor
5.How do you rate the readability of the report?
?Excellent?Good?Average?Below Average?Poor
6.Does the content disclosed in this report meet your
expectations??Yes?No?Unsure
7.Does this report comprehensively reflect the social responsibilities
undertaken by Suwen Electric Energy??Fully Reflected ??Partially Reflected ??Not Reflected
8. What suggestions or comments do you have regarding Suwen
Electric Energy's ESG management practices and this report?We welcome your input.
Suwen Electric Energy Contact Information:
Address: No. 3 Changfan Road, West Taihu Scienceand Technology Park, Wujin District, Changzhou City,Jiangsu ProvincePhone: 0519-69897107Email: securities@swdnkj.comPostal Code: 213100
Message from theChairman
About SuwenElectric Energy
Our Performancein 2023
Sharing SuperiorElectric Energy
Striving for More RobustDevelopment Together
Towards a Brighter
FutureESG Managemen
Appendix